In recent market performance, Bitcoin has once again become the focus of the market, with its price constantly breaking new highs, attracting a large influx of funds.
However, this strong 'bloodsucking market' has also caused many altcoins to lose performance opportunities.
In the face of a one-person bull market, do altcoins really have no chance to fight back? Is there still a new layout opportunity?
Why can BTC dominate the market?
Bitcoin has always been regarded as 'digital gold'. In the context of global economic turmoil and rising inflation pressure, Bitcoin has become the first choice for funds due to its anti-inflation and hedging properties. Many traditional institutions are also allocating Bitcoin, further strengthening its dominant position in the crypto market.
As the price of Bitcoin breaks historical highs, a large amount of funds flow into leading assets, while altcoins lack relative liquidity and cannot compete. The phenomenon of funds concentrating on Bitcoin creates a 'bloodsucking market', and the performance of other coins in the market is further suppressed.
The market capitalization and ecological maturity of Bitcoin are far higher than most altcoins. To put it simply, it is the big brother. In the early stages of the market, people tend to invest funds in more stable targets to avoid high risks. Therefore, BTC usually performs stronger in the early stages of a bull market.
In a one-person bull market, do altcoins really have no opportunities?
Although BTC currently has a clear bloodsucking effect, it does not mean that altcoins have no chance. As BTC's market begins to stabilize, market funds may start to look for higher yield targets. The following types of altcoins are expected to have performance opportunities after the 'bloodsucking market':
Leading projects in tracks such as L2 expansion, AI empowerment, and GameFi usually possess long-term technical value. After the bloodsucking market of BTC, these currencies may gain favor from funds due to technological advancements and practical applications.
Although meme coins lack actual technical support, they have a natural advantage in community operation and capital-driven growth. Once market sentiment warms up, these types of coins often experience a rapid rebound.
Some mainstream coins with larger market capitalizations, like ETH and BNB, often regain market attention after BTC-led trends. Historical data shows that the rebound strength of these coins is usually strong, making them suitable for positioning at lower levels.
What should we do in a bloodsucking market?
In the face of BTC's bloodsucking market, this market is too eerie, let's prioritize safety and not blindly chase highs or heavily invest.
The greed index has also reached 82, everyone is going crazy.
1. Allocate robust assets.
In bloodsucking markets, BTC is a relatively stable choice. People can allocate most of their positions to BTC to share in its rising dividends while reducing overall portfolio risk exposure.
2. Look for undervalued quality targets.
In BTC's bloodsucking market, many quality altcoins are sluggish in price due to a lack of capital support. Everyone can focus on projects with strong technological practicality and low market capitalization, waiting for subsequent capital rotation. Of course, you can also pay attention to Tian Ge, who will share good targets with everyone, whether in contracts or spot trading.
3. Strictly set profit-taking and stop-loss levels.
BTC's bloodsucking market may trigger rapid market rotation, so everyone needs to strictly set profit-taking and stop-loss levels to avoid significant losses due to market reversal.
Tian Ge also gives everyone some advice.
The BTC-dominated bull market is not the end.
Although the BTC bloodsucking market currently dominates, market rotation patterns indicate that other quality assets will eventually have performance opportunities.
For everyone, maintaining patience and rationality, and capturing the potential returns of altcoins through market rotation is the best strategy at this stage. In a one-person bull market, smart funds are always looking for the next breakout point.
Personal opinion:
Support levels below 956-943; if the 4-hour chart breaks the first support, the 1-hour chart will begin to adjust, and if the 4-hour chart breaks the second support, it will begin to adjust after 4 hours.
The 1-hour chart breaking 970 continues the adjustment, expecting to see 956.
Currently, Bitcoin has reached a high of 97899 on the hourly chart and has stopped breaking through, so it begins to adjust. As long as it does not fall below 956, continue to be bullish. Gradually build positions and eat slowly; adjustment does not mean decline, at most it will be sideways, just oscillating between the high point and support range (oscillating between 97899-956).
