Bitcoin fell this morning, hitting 60,000 points

After reaching the expected resistance level of 60,500, it began to rebound

Bitcoin is resistant to falling, and ETH's performance is average

The enthusiasm for SOL seems to have disappeared, and the narrative hotspot has come to the new public chain SUI

But now the price of Sui is too high.

There are two logics for speculating on altcoins at present!

1. The expected value of current business growth is realized.

2. The expected value of future potential market value is realized.

Old defi is the first logic!

In the last round of bull market, the growth trend after they just went online and washed the market was to realize the value expectations of business growth at that time, and they have completed their life mission in advance.

In the end, the value will be slowly diluted in the ocean of homogeneity.

Speculating on public chains is the second logic!

All public chains will have a wave of high multiples after landing in the secondary market and washing the market, but most of them are still unsustainable.

Refer to the last round of Avax, NEAR, FTM, MINA, etc.

The probability of being able to hit, like SOL, is too small. Most of them are after a wave of pull-ups, and the so-called potential value expectations of the big pie are fully realized. Sustainable value growth depends on the development of its ecology and business data.

Every big drop is the time for you to increase your position. Cherish this round of bull market. Friends who like spot and don’t know how to layout can follow Mr. Z

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