Judgment of the bottom of the altcoin and the importance of BTC
At this stage, the bottom of the altcoin is obviously the focus of everyone's attention. Based on the logic you mentioned, here is an analysis of how to further judge the bottom and the impact of BTC:
1. The possibility of the bottom of the altcoin
• The previous pin position: Usually the previous pin point is a strong support area, because this is the position where funds have intervened on a large scale before. If the altcoin can stop falling and rebound in this area, it may confirm the bottom.
• Assumption of falling below 10% or more: If the bottom does break the previous low by more than 10%, it may be that the market's overall risk appetite for the altcoin has further declined. In this case, the bull market may be delayed until around March to usher in an outbreak, but this also provides an opportunity for lower accumulation.
2. The key role of Bitcoin
• BTC is stable and the altcoin is alive: Bitcoin is still the vane of the entire market, and its failure to break is the key to whether the altcoin can rebound quickly. As long as BTC maintains above the strong support, the bottom rebound of the altcoin may only be a matter of time, and it may even explode within a few days.
• Impact of BTC breaking: If Bitcoin unexpectedly breaks below the important support level, it will cause a chain reaction on the entire market, and the altcoin may further fall. But in this process, it may also accelerate the bottoming out.
Operational suggestions
• Short-term strategy: Pay attention to the key support areas of Bitcoin (such as the important daily support level of BTC), and combine the altcoin pin points to determine the entry time.
• Medium- and long-term perspective: Even if the support is broken in the short term, the bull market schedule may only be postponed, and the layout on dips is still the main strategy.
Summary
Bitcoin's stability is the core condition for the rapid rebound of altcoins. At this stage, you can patiently observe market fluctuations, combine the pin position and BTC trend, and make low-level layouts in batches, waiting for the arrival of the main bull market.
Welcome to follow and don't get lost. Every day, the trends and points of mainstream currencies and popular altcoins will be analyzed. I wish you all good fortune and a fat year together!