Now in this market, there's a slight polarization!
Bitcoin is rising, while Ethereum and BNB are following slightly!
What about altcoins? They are actually in a continuous decline!
Two scenarios may occur!
The first scenario: Bitcoin hovers and accelerates to 110,000-130,000, with Ethereum and BNB following soon after! When Bitcoin reaches 110,000-130,000 and consolidates, the altcoins may have adjusted downwards and then suddenly rebound! Finally, they will follow Bitcoin for a pullback and drop again!
The second scenario: Bitcoin hovers and doesn't surge! Later, various indicators and timeframes reach their peak, and it drops directly, causing altcoins to experience a rapid decline, leading to a bloodbath, testing the major cycle double bottom! That would be the best time to enter the market!
In conclusion, altcoins are basically untouchable right now; if you do touch them, it should be minor, and you should look for quality coins that have properly retraced in leading sectors. If you really want to invest, it's advisable to wait for Bitcoin to pull back. So in this market, it can be said that altcoins are not playable, it's better to hold onto BNB and feel secure!
