Do you have acrophobia? Please cherish the time when Bitcoin is stable; this stage is the best time in the cryptocurrency market.

#BTC Technical Analysis

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From the indicators, moving averages, and K-line structure, Bitcoin is currently gently consolidating around the 100,000 mark; this has passed the opportunity to the altcoin market.

When will the market drop?

Let me share a scenario: Bitcoin needs to first make a big spike and then go up to make a higher high, only then is there a possibility of a reversal or adjustment. During the process where Bitcoin makes a spike to create a higher high, some altcoins will explode. I don't know the principle behind it, but this pattern is etched in my memory.

A few days ago, I posted that the higher Bitcoin rises, the less afraid I am of its adjustment. Why?

1. Because the higher Bitcoin rises, the higher my safety net becomes; discussing trades without considering the holding cost is just nonsense. 2. According to the triangle trend strategy, trend destruction needs to be gradual; the higher it goes, the stronger the force required to break it. In a bullish trend, bears need to build up that force gradually, which gives me enough time to escape.

#ETH

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Ethereum hasn’t been mentioned for many days because there’s no necessity to; I previously discussed that Ethereum can be divided into two boxes. Breaking 2800-3000 transitions from the lower box to the upper box, thus the 2800-3000 position turns from the top of the lower box into the bottom of the upper box. The pressure and support have been converted.

The first target remains the previous high of 4000.

At this stage, I will adopt a gradual profit-taking strategy with altcoins. There are countless ways to take profits; if altcoins significantly outperform Bitcoin’s gains, that’s excess profit for me. Selling at the peak is always profitable; everything is the best arrangement.

At the same time, laying out some long-term attractive altcoins that have either corrected or have not yet taken off is also something to do at this stage.

Laying out the main line, profit-taking the side line, holding BETA, and being cautious with ALPHA.