Since mid-March, BTC has performed better than US stocks, demonstrating some safe-haven attributes similar to gold. Around April 8, BTC's RSI and MACD showed a bottom divergence, combined with sentiment indicators reaching extreme fear levels, forming a recent bottom. Currently, both MACD fast and slow lines are above the zero axis, with market trend shifting from bearish to bullish.
VX: TZ7971
With BTC's breakthrough, the entire crypto market sentiment has warmed up. BTC has again broken through key resistance levels, and the market seems to be gradually regaining confidence. While Bitcoin has always occupied market focus, many overlook Altcoins' potential. Historically, Altcoins' breakouts always lag behind BTC's rally, and when the market begins to heat up, it's an excellent low-risk opportunity to invest in Altcoins.
For Altcoins to achieve significant upward movement, actual application scenarios driving demand growth are needed, or liquidity surge similar to the 2020-2021 cycle. Historically, Altcoins' significant growth was only seen during periods of abundant liquidity. However, according to our tracked indicators, the possibility of substantial liquidity inflow in the crypto market is low - making large-scale short-term Altcoin appreciation unlikely.
Among thousands of Altcoins, how can one select high-quality projects worth long-term investment?
Altcoin Investment Philosophy
Truly successful projects are those teams that are "actually building", not relying on short-term speculation.
Real User Base: Projects must have genuinely active users, not just empty market hype.
Sustainable Revenue and Profit Model: A project can only be long-term stable by supporting token price through actual revenue.
Long-term Value Construction: A project's value isn't from short-term speculation, but continuous user value and product iteration.
Team's Resilience and Persistence: A successful project requires team's persistence and unremitting effort.
As the market recovers, opportunities to choose quality Altcoins are gradually increasing. Remember, projects relying solely on short-term speculation cannot bring long-term stable returns. To truly seize investment opportunities, focus on projects with real users, profitability, team resilience, and long-term value. Returning to fundamentals is the correct path for Altcoin investment.
Today's fear index is 63, slightly decreased but still maintaining greed.
Yesterday's high greed index seemed strange; today it dropped slightly, but the market didn't fall. BTC retraced and then pulled up to 9.3. Pay attention to the 9.3 key level today; if it can stabilize, it could reach 9.7-10 this week. However, be cautious of technical pullback after short-term over-rise - if price shows volume stagnation at 9.3, it might retrace to 8.8 support to digest profit-taking. Without negative news, significant decline is unlikely.
