Just finished speaking, the callback came so quickly;
The biggest problem with the current market is that Bitcoin is violently rising alone, and most of the altcoins follow the symbolic rise, and then when Bitcoin slightly pulls back, other altcoins will plummet;
The main reason is that there is too little money in the market and insufficient liquidity. The money that comes in from the Bitcoin spot ETF is basically deposited in Bitcoin itself, and rarely overflows. Bitcoin is going to be $90,000 this round, and ETH, the vane of altcoins, has not reached the height of March this year, let alone other currencies;
But this is the case in the early stage of the bull market. Bitcoin must first be allowed to rise comfortably. Only when it rises to the point where there is no more room for growth will there be overflow funds to pull up altcoins. Now only a small part of the money from the interest rate cut has flowed into the currency circle. This money is mainly optimistic about Bitcoin and can only support Bitcoin's rise. So if you mainly hold altcoins, you can only be patient. The big bull market is behind and will come soon.
Now there are two things to do: 1. Work hard and earn more principal; 2. Use various channels to find high-quality currencies and act quickly.
If you have a good currency, please leave a message to tell me. Let's see how good it is? What is the upper limit? How to pull up and wash the market later? When to stop profit?