Back to the 85K Zone: A Strategic Shakeout
The market seems to be entering a phase designed to challenge most traders:
1. Altcoin FOMO and Losses:
Many retail traders bought altcoins during the hype but didn’t sell during the pump.
Their "profits" were only on paper, but now their losses are real.
2. Market Psychology:
For the market to rise again, spot traders would need to profit. However, the market doesn’t typically move to benefit the majority.
Expect strong corrections ("shakes") designed to force inexperienced traders to sell at a loss.
3. Long-Term Survival:
Only disciplined holders may weather the storm, but patience will be required as the market cycles through these volatile phases.
Key Takeaway:
The current strategy seems aimed at eliminating weak hands before a major pump. Success in this environment requires:
Avoiding emotional decisions.
Maintaining a strong long-term perspective.
Strategic accumulation during corrections.
If you’d like help navigating this turbulent market, let me know!