BTC risk release, is it the arrival of the altcoin season or the collapse of the currency circle?
Bitcoin started to pull back last night, reaching the deepest position of 95,000. As of the time of posting, the price of Bitcoin has now reached 97,852. Obviously, as I have repeatedly reminded of the risks in the past two days, Bitcoin has accumulated more and more risks and does need to be gradually released. If this risk potential is not further released, it is easy to accumulate into a huge deep pullback. Generally speaking, a 25-30% pullback is very normal.
At this moment, the Bitcoin market panic greed index has reached 82. It is still greedy, but compared with the previous super red temperature, the market has gradually calmed down. So the altcoin has come to a crossroads. Some people say that the pullback of Bitcoin has brought about the rotation of the altcoin sector, some people say that the pullback of Bitcoin will bring down all the altcoins in the entire cryptocurrency, and some people say that the pullback of Bitcoin means that the Bitcoin market share has peaked and pulled back, which means that the altcoin season is coming.
But no matter which judgment is made, from the perspective of the success-failure ratio, it is not a good time to increase positions in the altcoin now. Wait and see, and try to operate as little as possible.
We should wait for the next obvious signal before taking action. At this moment, I will be vigilant and pay close attention to all actions in the cryptocurrency circle
In the cryptocurrency circle, if you don’t have a good circle and first-hand information about the cryptocurrency circle, then I suggest you pay attention to me, find me, and take you to the shore for free. Welcome to join the team! ! !
