The pace of this round of bull market is faster than that of 2021. It is expected that BTC-D will peak six months after the halving, and the launch of Ethereum ETF may bring the bottom of ETH/BTC ahead of schedule.
In the middle and late stages of the bull market, there are three main reasons for the outbreak of altcoins:
First, the project party is short of funds and needs to sell coins to maintain operations;
Second, after large investors make profits on BTC, they will invest funds in altcoins, driving market bubbles;
Third, the project party raises prices to ship during the market frenzy. Why do altcoins fall more than 90% before bottoming out?
Because when the bear market comes, the big brother peaks and then a sharp correction occurs. The altcoins all start with a 20~50% drop. The big brother and the second brother are preferred for bottoming out. When the BTC.D index returns to a benign state, the altcoin series should be deployed. Finally, the big brother is replaced, and the escape from the top is judged based on the empirical indicators!
Everyone thinks that a 90% drop is the bottom, but they don’t know that after falling 90%, it can fall another 90%, which is 99.99%.
Of course, it is not a bear market now. At this stage, you should hold your position and wait for the rise. Don’t get off until you reach the target.
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