Bitcoin breaks 100,000, welcoming altcoin season!

Simply put:

1️⃣ Recently, many coins have started to rotate, like ADA and Doge, which have basically not retraced much after the rallies and keep breaking new highs.

2️⃣ Bitcoin's market cap ratio is already high, and the price is not low. Many people will gradually switch their profits from Bitcoin to relatively low-priced altcoins, because I have also done so.

3️⃣ Recently, market sentiment has been quite good, with violent rallies in KSM, SAND, etc. over the weekend, which adds emotional value. Of course, I understand that such rallies are driven by exchanges, not necessarily by whales.

4️⃣ From a cyclical perspective, the craziest 5 months of the bull market have arrived. If altcoins do not move soon, they will miss this cycle.

5️⃣ Bitcoin is currently at 98,000, and the market has not been ignited yet, but the impact of the 100,000 mark is different. Media coverage will be more frenzied, and newcomers will find Bitcoin too expensive and will only buy altcoins.

In the later stages of the bull market, market sentiment is very important! Rallies will make people more FOMO!