Current market analysis and operation suggestions
The market rhythm is clear:
Bitcoin rises, altcoin funds flow out;
Bitcoin falls, altcoins are brought down;
Bitcoin is sideways, altcoins show shock consolidation, and trading volume decreases.
At present, Bitcoin lacks a clear direction in the short term, and the market focus has shifted to second-tier currencies.
Operation suggestions:
If you hold a large number of altcoins in your portfolio, don't rush to sell. Most altcoins are currently close to historical lows, and there is limited room for correction:
Altcoins with larger price drops theoretically have about 35% room from the historical bottom;
Altcoins with smaller room for decline have only about 20% room for correction.
If you feel you can't bear it, you can consider adjusting your position, but you need to re-evaluate whether to sell after a rebound of about 20% in the short term. Frequent operations may bring more risks. At present, most altcoins have fallen by more than 50%. Choose a strong currency and hold it, maintain confidence, and avoid expanding losses due to frequent selling.
Strategy:
The current market recommends a prudent spot strategy, wait and see for the time being, and avoid excessive operations.