At the beginning of last month, I knew that the price of 70,000 US dollars was at an extremely high stage, but I realized it later. At that time, I almost cleared it. Later, because many old altcoins fell below, I continued to enter. On the contrary, the current resistance was more than halved, and some fell three or four times. Strictly speaking, the mainstream and the altcoins are out of touch this year. Strictly speaking, there is only a bull market in the mainstream, but how can a bull market without altcoins be called a bull market? The vast majority of people are altcoins, which can be clearly said.

There are currently two factions in the altcoins:

The first is that Binance has launched a large number of new coins this year. I looked at the current market value, which is still very high. Needless to say, the decline is terrible. There is a lot of decline. Now there is also a huge room for decline. If we say that the bottom that can be reached in the future is conservative, it will fall ten times again. I have played with several ecosystems. The income of the economic model is mostly nesting dolls. I can't see the blood transfusion function of the outside world. The pledged coins get coins, and there is greater selling pressure. After a year in the ecosystem, zero must be the end.

The second is the old altcoin, which has experienced many bull and bear markets, oversold, broken, and fell without volume. There is a probability that the first situation will drain away the remaining liquidity, and the panic of falling prices will also set the pace.

It is not recommended to buy new coins, wait until the new coins survive a bear market. Buying new instead of old will cause big losses this year.

Moreover, this time the decline was accompanied by a big drop, and the rebound was weak. It lasted for more than half a month. It felt like the one before 312 came, and suddenly there was a big one. Wait for the right side and don't toss around.