The altcoin market has seen another bloodbath, and investors are generally pessimistic, but the bull market is still ongoing. Stay optimistic, the future is still worth looking forward to.
Yesterday, Ethereum followed Bitcoin's simultaneous decline, which was in line with expectations. Although there was news about the delayed approval of the ETF, the macro environment has a greater impact, and the positive effect of the ETF has weakened. Today, the market is expected to rebound from oversold. Investors should not be blindly optimistic, but should remain patient and wait for defense, waiting for the signal that the market has stabilized.
The altcoin sector also suffered a decline in mainstream currencies, and many currencies had a large correction. The focus of this round of wash-out is mainly on altcoins. Most investors hold far more altcoin chips than mainstream currencies, so the wash-out phenomenon is more serious, creating market panic and forcing investors to sell their chips. Today, we should pay attention to the rebound of altcoins. We can consider light follow-up and seize the opportunity of short-term rebound, but the stop-loss strategy must be set within 10%. At present, the market has not shown a clear reversal signal, so spot operations still need to be cautious.
RGB++ has begun free casting, and on-chain activities have increased recently. As an emerging protocol, RGB++ plays a positive role in the construction of Bitcoin ecosystem.
Although the market continues to be sluggish, it is worth continuing to pay attention to the trend of this sector. After the market heat recovers, you can consider taking timely actions.
The rune market is still in a downturn. It is recommended to pay attention to high-quality rune currencies and wait for the second wash to enter the market.
