BTC has been fluctuating around 70,000 for 40 days. In the market analysis in January, it was mentioned that BTC has two ways to move: 1) wide fluctuations, trading time for space 2) downward adjustment. Recently, BTC has shown signs of strength.
1) The negative news did not cause a fall. The negative news of USDT, and the rapid recovery after the negative news of CPI yesterday, is a strong performance under the negative news.
2) The bottom is raised. Now the position of BTC's several declines is constantly too high.
3) Many of the popular copycat stocks in the early stage have fallen by more than 40%, which has reached the deepest adjustment in the bull market.
Of course, the strong signal of BTC does not mean that you should go all-in now, because BTC may fluctuate for a while. Maybe BTC just scares the market and returns to its original position, but altcoins cannot come back.
The most important point is that the big market will not come soon, as mentioned in the quoted article. Because the funds do not allow it. Since the big market for getting rich quickly will not come, don't expect to get rich quickly now. On the contrary, the result of copycat is not necessarily good. At the current position, the market has formed a representative deviation.
Representative bias is a common irrational behavior in behavioral economics. Simply put, after the recent phenomenon is repeated several times, you will take it as a code of conduct. The current situation is that BTC has fallen many times, and the altcoins have followed suit, and when BTC rebounds, the altcoins will rebound weakly. As a result, BTC is still the same BTC, while the altcoins have fallen beyond recognition. After the representative bias is formed, it will affect the behavior of market funds and aggravate this phenomenon. You can't crack it because it is an irrational behavior engraved in the bones of human beings. Don't think that BTC has risen back, and the altcoins you bought should also rise back. What you can do is wait, wait for obvious signals from BTC to change the behavioral habits of market funds.
The current trading strategy depends on your current position.
If your position is heavy, it is recommended to reduce it during a small rebound.
If you have a medium position now, you can maintain the current status and wait for more obvious signals from BTC.
If you are currently short, it is recommended that you consider allocating to buy the bottom position, because there are certain strong signals in the market.
Let me say a few more words here. Sometimes waiting is also a good trading strategy.