Why do I always mention the cottage season?

1. Let's start with the K-line and technical indicators

Look at this 3-day K-line chart of the dominance of Bitcoin (Figure 1). First, the price fell below the rising channel starting in June 2023, and encountered resistance after stepping back to the median line; second, the MACD indicator fell strongly below the 0 axis, and is now undergoing oversold repair.

Judging from these technical indicators and K-line trends, it means that BTC's dominance has begun to decline. If Bitcoin comes down, who will go up?

Look at the picture below (Figure 2), the support and resistance levels are very clear. Remember, any rise or fall cannot be a straight line, and there will definitely be fluctuations and shocks in the middle, but this does not affect the final direction of the market.

2. From the perspective of historical laws

Review the last bull market in 2020-2021. At that time, BTC rose from the end of September 2020 to December 2020. During this period, all DeFi coins were in a correction, and other altcoins were almost lying down. Only BTC led the way, rising from $10,000 to nearly $20,000. The price of UNI, the leader of DeFi, fell from $8 to more than $1.

By February 2021, BTC was close to $60,000, while Ethereum was still hovering below $2,000. Then you go back and look at the K-line to see how Ethereum rose from $2,200 to $4,000 in just two weeks.

We must be clear: BTC dominates the trend of the entire currency circle, but the rhythm and life cycle of altcoins and BTC are different.

3. From the perspective of market sentiment

The market is always born in despair, rises in hesitation, and collapses in madness; this is human nature.

Now the market is wailing everywhere, do you think the market is crazy?

Whether it is rising, falling or sideways, the trading market is always stimulating our nerves. What we can do is to find a strategy that suits us and execute it.

At this point in time, it is right to stick to it and wait for the crazy copycat season; it is also right to withdraw, because simply holding on to Bitcoin has earned 5-6 times.

Don't belittle each other, it's meaningless. In the end, we still have to face our own wallets and lives. As long as we make money and improve our lives in this cycle, nothing else matters.