Bitcoin's price continues to rise, approaching 100,000, what to do with all the altcoins?
Bitcoin's price is approaching 100,000, with OK contract long-short ratio at 0.5.
BTC's dominance has reached a new high of 61%, while altcoins have plummeted, with meme coins leading the decline.
At this stage, Bitcoin's market share is at a high level, and funds are concentrating on Bitcoin, creating a blood-sucking effect.
In this situation, the performance of altcoins is generally lackluster and it is difficult for them to have an independent market trend! They have also been declining in recent days amidst fluctuations.
Of course, the current pullback is still significantly different from what was expected.
Bitcoin is heading straight for 100,000, and altcoins are expected to continue fluctuating and adjusting.
For those already holding altcoins,
you can dollar-cost average, and for those who haven't entered yet, it might be better to wait!
Don't be overly optimistic; there’s only so much money in the market, when one side rises, the other side serves as fuel.
Everyone knows how high Bitcoin's consumption is!
In the future, the breakout point for altcoins may occur after Bitcoin peaks and reaches a temporary top or experiences a significant pullback.
Especially when Bitcoin breaks through 100,000 and enters a high zone, some funds in the market may choose to take profits, which could lead to a decline in Bitcoin's market share and provide space for altcoins to rise.
For those who missed out on Bitcoin, don't be anxious, think about those who shorted the entire bull market.
Do you feel much more comfortable now?
If the positions below were yours, who among you could hold on, especially SUI?
Altcoin focus: DOGE BONK FLOKI
Currently, while Bitcoin is sucking the life out of altcoins, when Bitcoin consolidates, altcoins are set to explode! In this situation, it’s best to lay low and stealthily accumulate potential altcoins! If you want to flip your position, then follow the king's steps; contract and spot strategies are updated daily, and spots are limited.
The king has prepared several doubling secrets for fans, get on board quickly to get the first-hand information!! Press 111 below
