There are two assumptions about Bitcoin now:

The first one is that it is currently moving along red line 4, and after red line 4 is red line 5; then it will move in a callback against the red line;

The second one is that red line 4 has been completed and it is already moving along red line 5 (it has been oscillating and hitting a new high).

The current trend is very similar to that in November and December 2023, both of which are strongly consolidating along the upper edge of the triangle, using horizontal movement to repair indicators instead of falling.

I am panicked when Bitcoin pulls up, and panicked when altcoins move horizontally. Buy altcoins, fearing that Bitcoin will pull back and altcoins will directly avalanche. Don't buy altcoins, fear of missing out.

Now I have basically completed the actions of exiting and closing positions for all the secondary old altcoins, and some have begun to rebuild positions.

Keep an eye on the BTCD indicator, breaking the green line and intertwining downwards, it is possible to get out of the altcoin season. The efforts of large currencies such as DOGE, XRP, and ADA are ineffective, and Ethereum and BNB are too lame to follow. Small-cap currencies are useless.

If you didn't get any money in the past few days, FOMO is not recommended now. It's easy to get a beating without getting any money.

The top new MEME is still the most noteworthy currency at present. The view that this round may be dominated by the top and new coins, and the middle coins will starve to death remains unchanged. Liquidity is too concentrated because it is not so abundant. Similar to the trend of US stocks, it is concentrated in the top coins in the hot sectors. #比特币ETF期权上线 #上市公司比特币战略 #市场围绕90K #DeSci热度上涨 #英伟达财报即将公布