Recently, there are many key factors in the market.
BlackRock and those Wall Street investment firms have too much influence on the price of Bitcoin. Just like in the week before October 21, BlackRock's increased holdings caused the price of Bitcoin to rise by over 8%, but it may also be affected by profit-taking due to high leverage, which impacts the upward momentum of the bull market.
Now the movements of altcoins are random; sector rotation has no规律, blindly chasing the rise can easily lead to being trapped. We have to wait for clear hotspots and new capital to come in. Speaking of when altcoins will fully explode, in the last two to three months of the previous bull market, altcoins surged the most, purely driven by emotional speculation, without looking at any fundamentals.
Some people believe that when Bitcoin rises above 80,000, altcoins might fully explode, just like four years ago starting from October 21, Bitcoin kept rising until December 31, when it went from 10,000 to 30,000, and that was when the altcoin season exploded. On New Year's Day, Polkadot and UNI surged, while Bitcoin's dominance decreased. Now investors are hoping for another wave of this kind of market, so that those who have lost money for years can turn things around.
#小非农ADP走高 The real tragedy of trading is not how much you suffer, but how many opportunities you miss! Seize the moment now, let’s move forward together. Seek me out for交流。我是九哥,一个未来要在币圈留下名字的人