Bull market dips are like 'dad'! BTC hits new highs, altcoins plummet, what coins are worth buying in the future?

This magnitude of a few thousand dollars is not large for Bitcoin, but altcoins might suffer.

1. Bitcoin hits new highs, altcoins decline

Bitcoin surged to 108,353, but altcoins including ETH, SOL, DOGE, etc., did not rise, and some even dropped further. Many small coins have been stagnant since the major spike on December 9, breaking away from the phase of small dips followed by new highs to reassess their value;

2. A large number of new projects launched, severe bloodsucking

Recently, many VC coins have been listed one after another, with a large number of new projects launched, severely bloodsucking, and the trends are quite ruthless, like pulling teeth from a tiger's mouth, basically ending in a single wave; recently, project teams have been distributing various airdrops such as MOVE, ME, ACX, ORCA, THE, VELODROME, etc. If you buy in, you will be trapped. So I remind everyone that at this stage, it’s best to sell these airdrop coins or VC coins that have just been listed because if you don’t sell, others will, and institutions are eager to cash out!

3. Wash trading market

It’s somewhat like the market in March 2024, with violent spikes creating a bullish sentiment, then continuing to surge triggering a bearish sentiment, followed by entering a large consolidation phase. Perhaps the main market and altcoins have reached a point where they need to break down to build up; a significant breakdown is required for a major buildup, washing out floating capital and high-leverage long positions, allowing the market to lighten up for further momentum;

4. Dips are like dad

Every time Bitcoin brings down altcoins is your opportunity to get in. Don’t be afraid of Bitcoin dropping directly; how could it drop right after it just went up? So dips are like dad. If Bitcoin doesn’t dip, how can it give you the chance to get in at lower positions?