Why did many meme coins and altcoins that had soared previously plummet, while Bitcoin led the rise instead? Share some trading suggestions for the future market.

This article mainly discusses the general trend, not short-term trading.

First, what is the reason why Bitcoin is currently leading the rise?

One is that there are dealers protecting the market, resulting in the absorption of sell orders, so many times after the decline, they are quickly bought up. However, no one protects the small currencies, so they can't hold up and plummet soon.

The second is that retail investors are not involved enough and the overall market funds are insufficient. After the collective pull-up surge, due to the small funds and poor liquidity, only the profit-taking of small currencies will flee first, and funds can be freed up to support the price of Bitcoin.

Based on this, how to judge the trend of the future market?

At present, my suggestion is to short at a high level. First, the resistance of Bitcoin at the price of 70,000 is too strong, which is prone to false breakthroughs; second, Bitcoin "sucks blood" from small currencies to lead the rise, indicating that there is little money in the market, which is not enough to start a bull market.

On the contrary, if Bitcoin can stay above $70,000 for several days and really stand firm, it will attract enough retail investors and funds to return, and the entire market may explode again.

But the latter is unlikely, so beware of false breakthroughs.