The current market rhythm is obvious:
- When Bitcoin rises, altcoins thrive;
- When Bitcoin falls, altcoins crash;
- When Bitcoin consolidates, altcoins experience low fluctuations.
Bitcoin has lost direction in the short term, and we can only watch the performance of altcoins.
Suggestions:
For friends holding a lot of altcoins, don't rush to cut losses; most altcoins are near historical lows:
- The ones with significant downward potential are only about 35% away from historical lows;
- The ones with smaller downward potential are around 20%.
If you can't hold on and want to change your portfolio, consider whether to run when a short-term rebound of 20% happens; repeated operations have little significance. Currently, most cryptocurrencies have fallen by 50% this round; holding onto one good cryptocurrency is key to maintaining confidence and avoiding continuous losses.
Strategy:
Stay in cash and retreat to advance.
Don't ask what cryptocurrencies to buy at the bottom after a drop.
Basically, the top 100 altcoins (with a market cap of over 1 billion) are all safe to buy; there are no major issues. When altcoin season arrives, it's just a matter of making more or less profit.
