Don't touch altcoins anymore, now!
After the Federal Reserve meeting, there are a lot of things to discuss, I'll elaborate in my next article. But for now, I have to rationally shout out here: stop buying and selling those altcoins. No matter how those so-called cryptocurrency masters try to convince you to buy this or that, this drop is here, and we still don't know where the bottom is, nor do we have any reliable signals.
Let’s briefly talk about the current situation:
Yesterday, the Federal Reserve cut interest rates by 0.25%, and when Powell spoke, the market wobbled again—this isn't the first time. Over the past few months, cryptocurrencies and stocks have gone crazy, and this correction was long overdue. When the dollar is strong, BTC will be under pressure.
So what should we do?
For the spot market, hold steady and don't move. If your position is stable, hold on to it; if the upward trend looks good, you can consider dollar-cost averaging (DCA), but don't rush, wait until the signals are clear. The futures market is chaotic, so be especially careful. I am optimistic about LINK, but I haven't made any profit yet; I need to keep an eye on it and act when the opportunity is clear. Small trades are fine, but let’s wait for the market to stabilize first. BTC.D is something I'm quite worried about. BTC's dominance is insufficient; if it rebounds to 60%, altcoins will still need to drop another 20-30%. It's quite dire.
The market is chaotic, and sometimes the best strategy is to stir less. I am being cautious now, watching the market to see the next steps.
If you want to ride the waves without falling, just take a look at my trading account. While others chase altcoins, I manage risk—honestly, sometimes doing nothing is the real skill. If you want to copy trades, click here.
Be smart, be patient, and let’s get through this together.
For the next layout direction, I will guide everyone to aim for the lucrative opportunities in altcoins, especially those with great potential, where a 10x return is definitely possible. If you want to make big money in a bull market, like and leave a message, and I'll help you layout the entire bull market!
