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Bitcoin is approaching a hundred thousand, what will you do with your hands full of altcoins?

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The bloodsucking trend of Bitcoin is in a self-reinforcing phase. Previously, it only sucked blood from altcoins, but in the past two days, it has started to suck blood from the on-chain MeMe coin.

There are four modes between BTC and altcoins:

1: BTC rises, altcoins rise:
In this mode, both BTC and altcoins are in an upward trend. This is a prosperous period of a bull market. This is the time to go long. If the altcoins perform stronger than BTC, you can increase your position. Conversely, caution is needed.

2: BTC falls, altcoins fall:
In this mode, both BTC and altcoins are in a downward trend. This is the time to reduce risk, more to purchase stablecoins, the only time worth considering shorting. For long-term trend traders, it is advisable to wait for a trend reversal.

3: BTC falls, altcoins rise:
This mode occurs rarely. When BTC is volatile and has not shown aggressive declines, this may be a short-term altcoin season. You can consider increasing your risk exposure.

4: BTC rises, altcoins fall:
BTC performs better than the market in an upward trend. This mode usually occurs before a halving or at the beginning of a bull market. During this phase, it is recommended to take the opportunity to accumulate altcoins and wait for an explosion.

Calmness leads to distant goals. A peaceful mind is the good medicine for us to maintain composure amidst the turbulent waves of trading.