Bitcoin continues to hit new highs, altcoins are seriously being drained!!!
Altcoins follow the decline but not the rise,
Currently, the market's emotional response has become even more anxious, as the vast majority of retail investors do not hold Bitcoin, and even if it skyrockets, it doesn't really affect me much.
Moreover, Bitcoin has reached this price, and retail investors who are fully invested in altcoins see that aside from Bitcoin, even Ethereum hasn't risen, let alone altcoin varieties.
The greater concern is whether Bitcoin has peaked at this position; during the bull market's rise, if one can't make money and is losing money, then if Bitcoin peaks, there's worry that the altcoins in hand will also plummet.
This issue has already seeped into our trading process, becoming the most concerning, anxious, and fearful emotion at present.
This psychological expectation arises from the market trends over the past six months and the previous bull market trends, which have cultivated a habitual thinking among retail investors.
Previously, it was all about following Bitcoin; in this bull market, Bitcoin surged significantly, altcoins fluctuated or rose slightly, Bitcoin fluctuated, altcoins fell, Bitcoin corrected, and altcoins plummeted.
Now people no longer believe that Bitcoin is draining altcoins; it feels like they have been uprooted, leading retail investors to think that aside from Bitcoin, everything else feels worthless.
Do you think the same? Let's be patient and wait!!!
Currently, Bitcoin is draining altcoins, and when Bitcoin consolidates, the opportunity for altcoins will come! In this situation, it's best to pick up low-priced chips to lay the groundwork for potential altcoins! I have carefully selected some long-term favorable tokens for everyone, coins that will double over the long term, leave a comment with 111 to get in!!!
