The trend of altcoins is alarming; during the wave where Bitcoin reached 100,000, altcoins did not follow or recover, which left us greatly disappointed. Recently, most altcoins have dropped even more than Bitcoin, leading us to question whether the altcoin season has turned into 'Waiting for Godot'? We must indeed be cautious of the Christmas rally. Will January see a much-anticipated recovery, or will the trend continue to decline?
Today, let's randomly choose a coin to discuss: $FTM. I'm watching to see if the current position of 0.88 can hold for a rebound. If it breaks below 0.8, it will damage another altcoin's upward structure.
The market is currently in fear; altcoins at this position and lower can be a good entry point for accumulation, but don't have high expectations. You can gradually enter positions at lower levels; the bottom position is still unclear. For contracts, I would prefer to trade Bitcoin and avoid altcoins for now. Good night.