Bitcoin hits new high, copycats are beaten again, where are the opportunities for retail investors?
The new high of Bitcoin has reached above 42,000 points. The momentum is not strong, and there is no volume in the on-chain data. It is a typical case of no volume. Whether it will continue to reach a new high in the future is almost certain from the current price of Bitcoin. It can go up with just a few hundred points.
However, in the 24 hours when the pie was endless, Shanzhai once again suffered a real blow from the market. This immeasurable amount does not only refer to the big pie, but also to the significant depletion of funds in the entire network every day. Judging from the current status, if the market returns to the weak adjustment stage before this round of surge, the copycat will once again slow down the rebound momentum.