The pace of this round of bull market is faster than that of 2021. It is expected that BTC-D will peak six months after the halving, and the launch of Ethereum ETF may bring the bottom of ETH/BTC ahead of schedule.
In the middle and late stages of the bull market, there are three main reasons for the outbreak of altcoins:
First, the project party is short of funds and needs to sell coins to maintain operations;
Second, after large investors make profits on BTC, they will invest funds in altcoins, driving market bubbles;
Third, the project party raises prices to ship during the market frenzy. Why do altcoins fall more than 90% before bottoming out?
Because when the bear market comes, the big brother peaks and then a sharp correction occurs. The altcoins all start with a 20~50% drop. The big brother and the second brother are preferred for bottoming out. When the BTC.D index returns to a benign state, the altcoin series should be deployed. Finally, the big brother is replaced, and the escape from the top is judged based on the empirical indicators!
Everyone thinks that a 90% drop is the bottom, but they don’t know that after falling 90%, it can fall another 90%, which means it will be 99.99%.
Of course, it is not a bear market now. At this stage, you should hold your position and wait for the rise. You can hold it with peace of mind and don’t get off until you reach the target.
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