The fluctuation of Bitcoin, the rhythm of altcoins.
Bitcoin continues to maintain a narrow fluctuation trend, retreating to around 96,000 last night, which is less than 4 points down from the highest point. So far, it still aligns with what I said about "Bitcoin first having a narrow fluctuation before a wide fluctuation".
Before it retreats to 90,000, it won’t attempt to break the 100,000 threshold. This trend of Bitcoin has been consistent with my script, which I have repeatedly mentioned in the community, almost making it obvious.
Once Bitcoin completes its fluctuation and adjustment, and truly breaks through 100,000, it will mark the acceleration phase of this bull market. This is the most FOMO phase, when external investors rush in. The reason I've always said that Bitcoin won’t break 100,000 at this time is because it needs to attract new investors.
Ethereum/altcoins have also not been idle; during this period of Bitcoin's fluctuation, they will continuously elevate their own levels. The rotation of altcoins and the script of the altcoin market are becoming clearer to me.
After the MEME sector ends, it will rotate to the major blockchains of old coins, followed by the metaverse and some DeFi projects; stories of tripling in ten days will be common. This wave of old coin rotation is not over yet; the old veterans who have endured for several years need to realize their profits.
Old coins are just the appetizer for this wave of altcoin season; the real protagonists of the altcoin season are quietly raising their levels. Each round of the bull market sees crazy performances from altcoins during the acceleration phase of Bitcoin.
Every time the market adjusts, you see fear, while I see opportunity. While you study what to buy every day, I study how to maximize capital efficiency. First, learn the first step: overcome fear. #市场波动,加仓还是观望? #XRP市场价格动向 #比特币盘整分析 #NOT市场动态