A drop in a bull market is 'dad'! BTC sets a new high, altcoins are generally down; which coins are worth buying in the future?

This drop of a few thousand dollars is not significant for Bitcoin, but altcoins could be in trouble.

1. Bitcoin hits a new high, altcoins are declining

Bitcoin surged to 108,353, but altcoins including ETH, SOL, DOGE, etc., did not rise and even fell. Many small coins have been struggling since the massive drop on December 9, failing to recover to new highs after a small dip;

2. A large number of new projects launching, severe bloodsucking

Recently, many exchanges have continuously launched various VC tokens, and a large number of new projects are opening, severely bloodsucking, with trends being quite ruthless. It’s like pulling teeth from a tiger; it usually ends in one wave. Recently, project teams have been distributing airdrops like MOVE, ME, ACX, ORCA, THE, VELODROME, etc. If you buy in, you will be trapped. So I remind everyone that at this stage, it’s best to sell these airdrop coins or VC tokens listed on exchanges first, because if you don’t sell, others will, and institutions are eager to cash out!

3. Market consolidation

It’s somewhat similar to the market conditions in March 2024, with violent spikes leading to a bullish trend, then a continued surge causing a bearish trend, followed by a consolidation phase. Perhaps both the main market and altcoins have reached a stage where they cannot break without establishing themselves; a significant break is needed to establish a strong foundation. Washing out floating positions and high-leverage long positions will make the vehicle lighter and allow it to gather momentum for further surges;

4. A drop means opportunity

Every time Bitcoin brings altcoins down is your opportunity to get in. Don’t be afraid of Bitcoin dropping directly; it just rose, how could it drop immediately? So, a drop is an opportunity. If Bitcoin doesn’t drop a bit, how will you get a chance to buy in at lower prices?