The second coin shows some improvement, when will the altcoin season really come? Not long ago, the SEC chairman, Gary Gensler, tweeted that he would resign on January 20, the day when the new administration takes office. When this news broke, SOL, which is applying for an ETF, briefly surpassed its historical high, reaching $264, becoming one of the few mainstream coins to break its historical high after Bitcoin. Why?
Because this person has been like a mountain pressing down on the crypto world, and now that mountain is finally about to move away, regulation in the crypto sphere will be much easier. Although Bitcoin continues to set new highs, it is obvious that the rate of increase is slowing down. The second coin, Ethereum, and Solana have quietly caught up. So when will it be the turn for altcoins, is there still a chance? The following content is quite sensitive, remember to like, follow, and save it.
Often, when Bitcoin stabilizes at a high level and the rate of increase slows down, it is the opportunity for Ethereum, Solana, and other mainstream coins, because at this point, Bitcoin is basically being pushed by institutions, and at this level, countless shorts have already been liquidated. Appropriate adjustments and pullbacks also provide opportunities for small investors to enter. Ethereum started to recover at 8 PM on the 21st, and some quality projects in its ecosystem immediately followed suit after an hour, basically setting a base with a 20% increase. Ripple and Dogecoin have also shown significant improvement. The current advice is still to wait for Bitcoin to pull back before looking for entry opportunities in altcoins. Chasing highs now is definitely inappropriate; when Bitcoin retraces, pay close attention to those strong varieties. Not every altcoin can rise; if you want to achieve results in this bull market, it's time to sharpen your vision, brothers.
Continuing today's daily market analysis 46365481726, from the K-line perspective, the 1-hour level is showing a decline, the 4-hour level is weakly consolidated, the 12-hour level is showing an increase, and the daily level is showing an increase. The intraday resistance level is $100,000, and the support level is $97,000. Note: Today's Fear and Greed Index is 93.
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