Market Observation:
Current market rhythm is clear:
• Bitcoin rises, altcoins suck blood;
• Bitcoin falls, altcoins collapse;
• Bitcoin moves sideways, altcoins experience low volatility.
Bitcoin has lost direction in the short term, and we can only look at the second-tier coins for momentum.
Suggestion:
Friends holding a lot of altcoins should not rush to cut losses; most altcoins are near historical bottoms:
• The ones with larger downside potential are only about 35% from historical lows;
• The ones with smaller downside potential are only around 20%.
If you can’t hold and need to change positions, consider whether to run after a short-term rebound of 20%; such repeated operations have little significance. Currently, most cryptocurrencies have already fallen 50% this round, and holding onto a solid coin is crucial to maintaining confidence and avoiding continuous losses.
Strategy:
Wait patiently in spot trading, retreating to advance.
