The big pie continues to surge towards 98,000, just $2,000 away from reaching the $100,000 mark. In contrast, many altcoins have already returned to their previous starting points, which demonstrates the importance of capturing the market rhythm. Sometimes what you think will rise doesn't, and what you think won't rise keeps setting new highs.
Where the market hotspot is, the exchange will follow, as the trading volume is there. So, learn to embrace the hotspot. Of course, when you choose a track, you have to give up the opportunity of another track. You can't have it all. There are countless market opportunities, don't try to grab them all!
There are very few people shorting the big pie now, and it's easy for the main force to pull it up. So don't short, and don't aggressively chase the long side at this time. Altcoins can be gradually deployed. Those who sold at high levels can gradually buy back in! Many projects have also retested a lot from their previous highs! Holders of altcoins should continue to patiently wait for BTC to break through, as only when BTC's capital overflows into altcoins will they have a chance to perform. Currently, BTC is shining alone, focus on the opportunity of mainstream catch-up!
BTC continues to hit new highs, with 10W just around the corner. When the BTC.D indicator reached 61.6%, BTC.D had a high retracement, and altcoins temporarily stopped falling.
However, in the long run, given the historical pattern and the strong external capital inflow into BTC this cycle, BTC.D may still need to reach near the previous high of 70% before this cycle's turning point.
So the emergence of the altcoin season may still require a bloodletting after BTC makes new highs, and the overall altcoins will also suffer an impact. As for the concern that many people have, that after BTC's rise, altcoins will completely collapse like in the past six months, I am relatively optimistic.
The reason is that the height of BTC in this cycle and the degree of capital inflow are quite different from the past six months.
You can see that the most obvious decliners this morning are ACT and PNUT, which we had recommended at low levels before, ACT at 0.35 and PNUT at 0.53. Although the bottom positions are small, those who dare to operate can add positions, and we have more than doubled the profits. I have reminded you many times to take out the principal and leave the profits, don't be reluctant to take 50% of the principal to prevent unexpected market crashes from causing a bloodbath in altcoins. Currently, it is BTC that is sucking blood, and ETH has started to decline slightly. The front-end profit-taking funds are selling these two. The question that has been asked the most recently is when will Crab Boss add positions in ACT and PNUT? The reason for this is that they chased the highs, resulting in them being trapped when the hotspot was already half over. Unexpectedly, those who chased the highs a few days ago have basically been trapped. I hope my loyal fans and followers have not been trapped in this wave! Don't chase the highs! Don't chase the highs!! Don't chase the highs!!! I've said it three times!!!
In the current market environment, the optimal strategy for altcoins is to focus on dollar-cost averaging and accumulation. At this stage, Bitcoin (BTC) has a relatively high market share, and capital is concentrating on Bitcoin, forming a "blood-sucking effect". Under such circumstances, the performance of altcoins is generally lackluster and unable to have an independent market.
The ones we laid in wait for earlier have been notified in advance to take out the principal and leave. As BTC heads straight for 10W, altcoins are expected to continue to fluctuate and adjust. So those who already have full hands of altcoins can dollar-cost average, and those who haven't entered can continue to wait!
Don't be overly optimistic. There is only so much money in the market, and one side's rise means the other side is the fuel! Everyone knows how high BTC's "fuel consumption" is!
In the future, the outbreak point for altcoins may appear after Bitcoin surges and reaches a stage top or experiences a significant correction, especially when Bitcoin breaks through $100,000 and enters the high-level zone. At that time, some market funds may choose to cash out, which may lead to a decline in Bitcoin's market share and provide an opportunity for altcoins to rise.
Therefore, at the current stage, dollar-cost averaging and accumulating altcoins is a more stable choice. Accumulate positions during the market downturn and prepare for the potential altcoin rally in the future. And for those who missed the BTC pump, don't be anxious. Think about those who shorted the entire bull market, don't you feel much better?
