Bitcoin is currently still in a narrow oscillation state, having retraced to around 96,000 yesterday, with a decline of less than 4%🥶
This trend completely aligns with the old fish's prediction — 'first narrow oscillation, then wide oscillation'.
At present, Bitcoin will not temporarily break through the 100,000 dollar threshold, the reason is simple, 100,000 is a key point to attract new investors. Once it breaks through, it will enter the acceleration phase of this bull market, and the market will welcome the craziest FOMO moment.
Meanwhile, Ethereum and altcoins have not stagnated.
They are continuously improving their performance while Bitcoin oscillates.
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The rotation rhythm of altcoins is becoming more and more obvious, starting from the MEME sector, gradually expanding to major public chains, the metaverse, and some DeFi projects, where short-term gains can reach three times.
Currently, the rotation of old coins has not yet ended; many old players are cashing out profits, but these old coins are just the 'appetizers' of the altcoin season. The real main coins are still accumulating energy, waiting to make an appearance when Bitcoin's行情 accelerates.
In every bull market, the frenzy of altcoins is inseparable from the drive of Bitcoin.
When the market retraces, many people feel fear, but what I see is opportunity.
Perhaps you are still struggling with which coin to choose, but I think every day about how to maximize the efficiency of funds.
Overcoming fear is the first step towards success.
