🔥🔥🔥Odaily Planet Daily News, Andrew Kang, co-founder and partner of Mechanism Capital, recently published an article to share his observations and suggestions on the crypto market. He pointed out that the most common mistake is to buy too early when the market trend turns from rising to falling. He suggested that you should not rush to buy Bitcoin when it falls 10% from its high, but buy it for the next cycle when the market is generally liquidated, most people withdraw, and question whether cryptocurrencies will die forever. 👀

Kang also made predictions about altcoins. He believes that more than 98% of altcoins have peaked in this cycle, and only a few may hit new highs in the fourth quarter of 2024 or the first quarter of 2025. It is mainly a few Meme coins that may hit new highs, but they need to be selected carefully. 📈📉

Finally, Kang said that Bitcoin is in the transition stage to a super-cycle asset, which has the characteristics of the previous cycle and the characteristics of mature macro assets. This is undoubtedly good news for us Bitcoin optimists! 🎉🎉🎉