Market Situation of Altcoins and Future Predictions
The current market condition for altcoins is that, aside from those popular coins with strong backing, most altcoins have not yet entered a phase of alternating price increases. The core issue lies in insufficient liquidity, with a large amount of capital concentrated in a few leading mainstream coins, leaving only a small amount of funds flowing into the altcoin sector.
The several large-scale price corrections experienced previously have dampened market sentiment, as can be clearly seen from the fear and greed index, which currently stands at only 70, compared to a longer period where it was above 80, and at one point even exceeded 90. However, the market gradually becoming calm is actually a favorable development, indicating that it is unlikely to see another sharp correction like the previous drops of 15% for Ethereum and 10% for Bitcoin in the short term.
Looking ahead to the next few days, as long as Bitcoin and Ethereum can maintain their previous low points without breaking below them, each price correction can be seen as a good opportunity for investment. The subsequent main upward trend for altcoins is also highly anticipated and has a considerable chance of being realized.
In a bull market, price corrections are a relatively common phenomenon, and the duration of these corrections usually exceeds that of price increases. Investors who truly understand this pattern will not doubt whether we are currently in a bull market.
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