There are two misunderstandings about Bitcoin and altcoins in the market:
First, some people think that Bitcoin is still sucking blood from altcoins;
Second, some people think that altcoins will pull up the market together.
I think both views are wrong.
First, BTC rises here, but altcoins don’t. The market sentiment is not high. Even if altcoins don’t rise in the blood-sucking market, everyone is fomo. According to the two waves of market conditions in 2023, Bitcoin and altcoins are in the same frequency. Here I think altcoins are waiting for Bitcoin to break through, and a clearer signal is needed. Breaking through the two points of 6w8 and the new high, the certainty after the breakthrough here is stronger, and altcoins will quickly follow up.
Second, the market situation in which altcoins on the entire screen are pulling up the market at the same time may not reappear. Instead, it should be the rotation of sectors, which will last longer overall and have a higher success rate. Just hold your coins, and sooner or later it will be its turn to rise. This market is friendly to old leeks, but it is very unfriendly to novices. Chasing up and selling down may still lose money.
The first round of market rise has ended. When will the second round of rise begin? Click on the homepage to add a follow, spot layout timing, strategy Wu Chang announced $BTC
