Bitcoin has plunged 10,000 points in the past three days, and the entire cryptocurrency market has suffered, especially those less well-known altcoins, which have fallen even more. But don't worry, this is just because of a few words from market tycoon Master Bao (probably referring to an influential market analyst or investor), but the logic of Bitcoin's long-term rise has not changed.
In a bull market, big ups and downs are actually quite common. The purpose of the pullback is to reduce the number of highly leveraged contracts in the market. After clearing out these high-risk investments, the market will be able to continue to rise more healthily and set new highs.
This bull market is really special. Bitcoin has been hitting new highs, but many altcoins have been falling. New investors and those who have not experienced a complete market cycle may not understand it. Even the "old hands" in the cryptocurrency circle find it strange. The community is very quiet, unlike the previous bull market.
The price of Bitcoin is too high now. Retail investors feel that they cannot afford it, so they all look at Ethereum and other altcoins. Bitcoin is like a star dancing alone on the stage, attracting all the attention and funds. Once Bitcoin falls back, those altcoins will be even worse.
Also, Binance has been issuing new coins recently, and the market liquidity is already insufficient, which makes it even more tense.
What happens after the correction? When Bitcoin rises again and stabilizes, and funds start to flow, which coin will receive these funds first? I guess, just like before, when Bitcoin rises to a certain level, such as 110,000 or 120,000, funds may flow to Ethereum.
BlackRock, a large company, also said that they mainly promote Bitcoin and Ethereum, and believe that Bitcoin is the first choice, Ethereum is second, and other altcoins are ignored. They also recommend that investors use a small amount of funds to invest in Bitcoin.
Therefore, everyone should remember that in addition to the price of the currency, the stage of the bull market is also very important. Friends who have not yet boarded the train should quickly cultivate their internal strength and wait for the opportunity to board the train. In addition, the order of building a position is also very important. It must be Bitcoin first, then Ethereum, and finally the altcoin.
In the next layout direction, I will lead everyone to aim at the profit opportunities of cottage, especially those projects with great potential. There is no problem with the expected space of more than 10 times. If you want to make a lot of money in the bull market, like + leave a message, and I will lead you to layout the entire bull market
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