1. Overall Market Overview
On December 18, Bitcoin continued to hit new highs, while altcoins performed poorly, causing considerable anxiety among altcoin holders.
2. Reasons Altcoins Are Not Following the Rise
Capital Flow: More funds are flowing into Bitcoin, leaving altcoins short of capital.
Market Risk: With Bitcoin reaching new highs, large investors fear a correction that could collapse the market, making them hesitant to invest in altcoins.
Profit Adjustment: The last round saw altcoins double, and now there is a need to adjust and take profits, as well as to change hands.
3. Timing for Altcoin Increases
In the past, when Bitcoin reached new highs, altcoins did not follow suit; they typically need Bitcoin to correct and consolidate for over seven days before they can rise. Currently, altcoins have been consolidating for 10 days since December 7, and they may still need another two weeks; it is not yet time for a rise.
4. Key Time Nodes and Impact
At 3 AM tomorrow, the Federal Reserve will announce its interest rate decision. If rates are successfully lowered in December and signals are released for future rate cuts next year, Bitcoin prices are expected to stabilize.
5. Advice for Altcoin Holders
For friends holding altcoins, it is still necessary to patiently wait for 1 to 2 weeks for the hope of an altcoin rise to emerge.