Analysis of the altcoin market
At present, most altcoins have started to pull back following Bitcoin, but a few have also gone out of independent market, controlled by strong dealers and not affected by the market. Coins such as ENS and BOND deserve special attention in the short term.
For the operation logic of altcoins, it is recommended to adopt the method of buying in batches, according to the following situations:
Breaking through the daily MA30 line: buy in batches when stepping back on the line, and stop loss when it falls below. Not breaking through the MA30 line: buy in batches when stepping back, and stop loss when it falls below the previous low.
Before the main rising wave of the second half of the bull market comes, buying in batches on dips is a better strategy. Before the main rising wave really starts, dealers will use various means to get investors off the bus. When the main rising wave comes, the rise will be very rapid. Looking back at the last big wave, the main rising waves of many altcoins almost completed multiple increases within a few days.
Analysis of the bull market stage
We are currently in the embryonic stage of the bull market, and the market has not yet fully started. Each stage of the bull market has its own characteristics:
In the early stage of the bull market: Bitcoin took the lead in rising, leading the rise of mainstream cryptocurrencies. Well-known mainstream currencies followed closely, while altcoins followed slowly, and some performed strongly. In the middle stage of the bull market: Bitcoin and Ethereum prices fluctuated and rose, mainstream cryptocurrencies accelerated their rise, and altcoins began to gradually strengthen.
In the late stage of the bull market: Bitcoin prices may fluctuate and fall, while altcoin leaders such as Ethereum continue to climb, and secondary altcoins may usher in amazing gains.
At this stage, many investors may feel anxious because of the poor performance of the value coins they hold, but frequent trading is not a wise choice. Choosing and sticking to your investment targets and patiently waiting for the market rotation is a more rational strategy.
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