The three major rhythms of the current market that you need to understand:
1. When Bitcoin rises, altcoins lose their shine: When Bitcoin is on a strong upward trend, funds flow into Bitcoin, and altcoins are often neglected.
2. When Bitcoin falls, altcoins suffer: When Bitcoin drops, altcoins also experience a significant decline.
3. When Bitcoin consolidates, altcoins fluctuate: When Bitcoin is in a consolidation phase, the fluctuations of altcoins are smaller, often oscillating within a narrow range.
For friends holding altcoins, there is no need to rush to sell at a loss.
Historical data shows that most altcoins are close to the bottom:
1. For coins with significant room to fall, they will reach historical lows after dropping about 35% more.
2. For coins with limited room to fall, the maximum drop is about 20%.
Repeated trading and chasing highs and cutting losses is not wise. Most coins have already fallen by 50% in this round, so holding onto quality coins at this time is key to maintaining confidence and reducing losses.
By holding spot positions, we should retreat in order to advance and wait for a new direction in the market. Investing is a marathon; staying calm is essential to laughing all the way to the finish line.
