The Bitcoin pullback has occurred as expected. In the last round, Bitcoin experienced a 22-day rise before entering a pullback, while this round has seen a 21-day pullback. The previous peak for Bitcoin was $45,000, pulling back to $30,000, with the pullback cycle lasting approximately 20 days to a month, after which the price began to rebound.
While Bitcoin is experiencing volatility and pullbacks, Ethereum and other altcoins have begun to show strong performance, leading to a rapid decline in BTC.D (Bitcoin's market dominance).
It is worth noting that despite the prices of Bitcoin and altcoins both pulling back, during this process, Bitcoin may experience a slight rebound, while altcoins may perform more aggressively.
Therefore, during Bitcoin's adjustment period, Ethereum and other altcoins may see explosive growth.
My understanding is that funds are starting to flow out of Bitcoin. Many holders have lost confidence during Bitcoin's pullback, and some funds have flowed into altcoins, driving up the prices of these coins.
At this stage, Bitcoin may experience significant volatility, while altcoins could potentially see rapid increases. Thus, the current strategy should focus on those altcoins that have not yet risen significantly and have fundamental support.
