Two misunderstandings about Bitcoin and altcoins in the market
There are two misunderstandings about Bitcoin (BTC) and altcoins in the market: one is that Bitcoin is sucking blood from altcoins, and the other is that altcoins will pull up together. However, both views are inaccurate.
First, when BTC rises and altcoins do not rise, market sentiment has not reached a frenzy. Judging from the two rounds of market conditions in 2023, Bitcoin and altcoins are in resonance. At present, altcoins are more like waiting for Bitcoin to break through, such as breaking through 68,000 and setting new highs. Once they break through, altcoins will quickly follow up.
Secondly, the market where all altcoins pull up at the same time may not appear again, and it may be replaced by sector rotation. This kind of rotation market has a long overall duration and a high success rate, but it is not friendly to novices and is likely to cause them to chase ups and downs and lose money.
