11.23 Do Not Chase Altcoins Reminder
Bitcoin is on the verge of a breakout, and a pullback is imminent. If an altcoin is rising right now, you must resist the urge to chase it; otherwise, you may very well get caught at the peak.
Currently, the sentiment in the entire market has reached an extremely greedy level, with the greed index consistently above 80. Therefore, once the market begins to pull back, a large number of retail investors will think it’s a good opportunity to jump in, which will likely lead to a significant pullback.
The so-called "pullback" refers to Bitcoin. Once Bitcoin pulls back by 20%-30%, the altcoins will suffer severely.
