【Dora's early review】

Yesterday's market situation was an extremely dramatic scene! $BTC rose in a climbing manner. In the early hours of this morning, a big needle went straight to 64,000 and reached 59,000, then recovered and stopped at a high level of around 62,000. It is normal for this situation to occur. It is just to clear the contract, and the market trend has not changed!

Explain two issues that everyone is concerned about:

★1. Why has BTC risen so sharply in this wave?

Yesterday, the daily trading volume of Bitcoin spot ETF was nearly 7.7 billion US dollars, setting a new high! This shows that the "old money" outside the market has been constantly buying, which has brought a steady stream of buying orders to BTC, and the purchasing power is full, so BTC is rising steadily under this impetus!

★2. Why is this wave of altcoins performing so poorly?

This wave of rise in BTC is due to new funds entering the market through ETFs. These funds can only buy BTC, so other altcoins are still being circulated by old funds in the market, so they basically do not follow the rise.

★3. What’s the next trend?

The continued rise of BTC will definitely activate this market. There is no need to say where the opportunities are today, because there are opportunities everywhere. The order of funds entering the circle is "first Bitcoin, then second-tier mainstreams such as Ethereum, and then copycats." After the funds enter the circle and experience the charm of the currency circle, many small funds will want to win more High volatility, and then funds will be diverted. So now it’s no problem to hold the coins in your hand!

Last night’s pin, using BTC as the downward momentum, basically eliminated all the high leverage of the counterfeit! Therefore, it provides a good environment for the rise of the copycat. Now we only need to wait for the blood-sucking effect of the big pie to subside, and the funds will flow back to the copycat. At the same time, many people who are short-term are afraid of the big pie but do not want to miss the market. This part of the funds will also Come back and buy altcoins. So at this moment, patience is golden!

Hold the chips in your hands with peace of mind, the wind has already come, but the winds come in different stages. Patience, confidence, and perseverance are the necessary qualities for you to earn fruits in the bull market! come on!