I feel that the logic of the crypto market has changed now!
In the past, Bitcoin and Ethereum rose first, followed by altcoins, and finally air coins and junk coins were hyped up, and then the bull market ended. In this cycle, Bitcoin hit a record high, then meme coins soared, but altcoins fell to the bottom range of the bear market. Although the prices of Bitcoin and Ethereum are still high, the on-chain activities have fallen to the freezing point!
The current major ecological activities are very quiet, the on-chain activities are in a bear market state, and the market volatility is small. If it is a bear market, the price of Bitcoin is still high, and everyone is still imagining the crazy stage of halving; if it is a bull market, various ecological data are at a freezing point, and altcoins have even fallen back to the bottom range of the bear market. It is really entangled!
Next, if there is no major event driving, the market will most likely present the following state:
Bitcoin continues to fluctuate, and price fluctuations will not be particularly drastic, unless there is a black swan that breaks this pattern.
Altcoins continue to be unbanned, institutional funds flow out, and they continue to be weak. The market occasionally has some hot spots to stir up.
The best strategy at this time is to enter the market when each panic decline stabilizes, and withdraw each time you make a small profit, without lingering or having faith, until a new market trend arrives.
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In the current ups and downs of the market, blindly working alone will never bring opportunities!
