Short-term recovery prospects

In recent days, I've been writing somewhat negatively, so today I’ll put up a positive view for you to consider.

Regarding short-term expectations, the price of BTC has strong support around 91k-92k, and currently, the price is trending to retest this support area.

A positive scenario that may occur is that BTC will hold up, and Altcoin will have a breath, recovering stronger when forming a short-term double bottom structure on a smaller time frame.

If there is a recovery bounce in the market, you should cash out 50% of the Altcoin you are holding to avoid further price declines. It’s also to have capital ready to calculate the next entry points.

In a worse scenario, BTC continues to decline. At that time, advising to cut or hold would be equally unhelpful.

The most unlikely scenario that could occur is that altcoin will bounce from now on and start Altcoin ss. But this scenario requires 4 factors:

1. The market liquidity must be sufficient to pump at least 10k coins currently existing on exchanges.

2. The time to accumulate stock by mm must be long enough.

3. BTC needs to hold the 90k area firmly.

4. There must be a large influx of funds from novice investors who don't understand the market.

If anyone still thinks that 2024-2025 will resemble 2020-2021, then you are gravely mistaken; these two phases have a significant difference in the investment mindset of investors, market position, and even in social issues.

2020-2021 was a phase where not only Coin increased, but all types of assets that could be invested through online forms also rose (gold, stocks).

Wishing you insightful thoughts with your investment decisions.