Altcoin Market: Risks and Opportunities
After a significant drop on December 9, the market has been consolidating for nearly 10 days, with many altcoins undergoing a 'second test' now, showing low volume and weak selling pressure.
On November 22, Bitcoin experienced a minor pullback, which was followed by a general rise in altcoins.
Today, Bitcoin is showing signs of another pullback, and altcoins may rise again after completing their tests.
However, the market conditions are different today: the supply of USDT is increasing slowly, and there is less money flowing; back then, Ethereum was seeing new gains, but today it is not strong.
Therefore, the altcoin market presents both opportunities and risks. One can look for trading opportunities but should avoid being blindly optimistic and aggressive.
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