Where are the next opportunities for altcoins?
From 99,000 down to 91,000, it scared a lot of those who chased the high. In fact, the pullback of Bitcoin is not the main point; the main point is that the second-tier altcoins and other altcoins haven't really followed the drop. If Bitcoin had dropped like this before, the second-tier and altcoins would definitely have seen a waterfall decline.
Since the day before yesterday, the second-tier altcoins have not followed the drop and instead have risen, what does that indicate?
It shows that the profits from Bitcoin have already started to flow into the second-tier and altcoins, and the altcoin season is not far off.
After Bitcoin's pullback, Ethereum has rarely become strong, with the ETH/BTC exchange rate rising from a low of 0.031 to above 0.036. Many altcoins have seen relatively small pullbacks, indicating that market sentiment is still holding up well. Many retail investors, after selling their Bitcoin, will rush into the altcoin market to reinvest, and altcoins act like leverage for Bitcoin, allowing these funds to expand rapidly, ultimately forming a purchasing power that flows back to Bitcoin. This flow-back period actually occurs after Bitcoin reaches 100,000, when the ceiling opens up again.
So I personally think this is a good time to return to altcoins. The changes in the crypto market are happening faster and faster, so brothers must grasp the rhythm well and not miss out on this once-in-four-year opportunity.
