Bitcoin is either breaking new highs or on the way to new highs. Overnight, it reached 4,000 points again, which is only one step away from my spot position of 10-12 points.
Why does Bitcoin continue to reach new highs, while the altcoin is sluggish?
Because Bitcoin has formed a blood-sucking mode, all the 💰 is flowing back, and all institutions are concentrating their bullets to push Bitcoin to a higher position, so the altcoin will be in a weak position in the short term. This situation is extremely similar in 20 years. Old leeks can go to Kezhou Qiujian to see
As an old leeks, as a believer in the cycle theory, I am not worried at all that there will be no altcoin season this round. I am worried that only Bitcoin will fly this round. The market value of Bitcoin needs to distance itself from other currencies and maintain volatility. Then there will be an opportunity for altcoins to perform. So, if it falls a little, buy in a little, fall a lot, and fall a lot, buy in a lot. The altcoins in your hands will be weak and strong. This is the correct thinking. Don't fantasize that Bitcoin will return to 50,000 before entering the market.