$BTC $DOGE Everyone knows that my favorites are Bitcoin and Dogecoin. As long as there is confidence in the crypto market, and as long as many people are unwilling to sell their Bitcoin holdings, there is no need to be bearish on it. A significant drop in Bitcoin is only likely to be a low-probability black swan event (such as changes in fiat currency policies, financial crises, wars, etc., which require real-time attention to major news). Currently, there are no serious news that would significantly impact a drop in Bitcoin. What may actually affect it is the approach of Christmas, the most important holiday in the West, which could lead to considerable fluctuations. I will make arrangements in advance (mainly regarding reallocation and withdrawal of spot positions) to hedge and then enter the market again.
Dogecoin is the cryptocurrency that follows Bitcoin most closely, as they share the same ownerless attribute. It may not surge dozens or hundreds of times, but it is definitely the most stable after Bitcoin. I have previously described Dogecoin—it really acts like a dog, sometimes running ahead, while looking back at its owner. When Bitcoin is stable, it will stay and guard. When the owner wants to go, it will get up and run first. This is how I see their current relationship.
The above is just my personal opinion and for reference only. Rational discussion and idea exchange are welcome.🤝