The nearest market seems to have only one major hotspot: BTC new high
This wave of surge can be said to be at a breakout level! Some of my friends around me know that I trade cryptocurrencies, and they see the trending search terms on various apps: BTC new high, and come to ask if I have made a fortune recently...
Even many newcomers who have never understood the crypto space are eager to jump in after seeing the news, but the struggles of insiders are unknown to outsiders! This is purely a bull market for Bitcoin itself. All sectors are being seriously "drained", and you can even see BTC soaring while other cryptocurrencies are stagnant and declining. Many people are calling out that altcoins have no hope upon seeing this scene! Indeed, this kind of market is unfavorable for altcoins, and if BTC pulls back, the ones that will definitely drop the most are the altcoins.
When will BTC drop? No one can say for sure, so don't pay attention to those analyses like: BTC will drop at the end of the month, or on a specific date! It's pure nonsense! If you really had the ability to predict, wouldn't you be rich by predicting the lottery? Can you guarantee that there won't be sudden positive or negative news today, tomorrow, or the day after?
So, "newbies", please don't come and ask me things like how much BTC will rise in a few months, or on which day BTC will drop. This question is like asking a doctor when your heart disease will act up after being diagnosed!