Bitcoin's breakthrough of 100,000 fails, has the bull left?

Currently, Bitcoin is showing a fluctuating trend, while altcoins have their own rhythm. Bitcoin has maintained a narrow range of fluctuations, retreating to around 96,000 last night. From its highest point, the decline is still less than 4 percentage points. So far, the trend is just as predicted by Old Fish, first showing narrow fluctuations, and then entering a wide fluctuation phase.

Before Bitcoin can pull back to 90,000, it will not recklessly attack the critical level of 100,000. This trend of Bitcoin is completely in line with Old Fish's expectations and has been mentioned multiple times in the community, almost without any suspense.

Once Bitcoin completes its fluctuating adjustment and truly begins its journey to break through 100,000, it will also signify that this round of the bull market enters an accelerated stage. That will be the period when market sentiment is most fervent (FOMO), and many investors from outside will flock in. The reason I have been emphasizing that Bitcoin will not break through 100,000 at that time is precisely because this price level needs to be reserved to attract new investors entering the market.

Ethereum and altcoins have not been silent either; during Bitcoin's fluctuations, they continually enhance their market popularity and price heights. The rotation patterns and market development of altcoins are becoming increasingly clear in Old Fish's eyes.

After the heat of the MEME sector fades, it will rotate to the established token field of major public chains, followed by the metaverse sector and some DeFi projects, with cases of tripling in value within ten days becoming commonplace. The current wave of rotation among established tokens is not yet over; those “old hands” that have been dormant for many years are eager to cash out.

Established tokens are just the appetizer of this round of altcoin season; the real protagonists of the altcoin season are quietly raising their market levels. In every bull market, the crazy price surge of altcoins always erupts during the accelerated phase of Bitcoin.

Whenever the market experiences a pullback, most people see risk and fear, while I see opportunity. When you are pondering which assets to buy daily, I focus on studying how to maximize the efficiency of capital. The key first step to learn is to overcome the fear within.

#比特币突破10万？ #ETH市场新动向 $BTC