Some may ask: After the rise, who will buy altcoins?
In fact, there is no need to worry, because most retail investors have suffered significant losses, with many losing 60%-70%. A rise of 20%-30% is simply not enough for them to break even, so many people will not sell. At this time, when outsiders see Bitcoin breaking 100,000 and altcoins rising 10% to 20% daily, naturally more people will be unable to resist rushing in.
When external funds flood in, and market sentiment reaches its peak, the main players will suddenly launch a downward sell-off. At that time, many people may fall into deep entrapment, with emotions completely collapsing. However, at present, this round of adjustment should not directly break the previous major bottom, as the upward cycle has been too short, and the main players have not accumulated enough at low levels, lacking a solid foundation for sustained upward movement.
In the short term, the opening of the US stock market tonight may bring some volatility, but the overall trend should still aim to sweep away short positions around 95,700 dollars. One point to note: if Bitcoin reaches a new high but there is no significant volume increase, or if there are long upper shadows or bearish candles, then caution is warranted. Consider gradually reducing positions to lock in profits. Even if you sell early at such heights, the risk-reward ratio is still favorable.
Altcoins are basically in a rotation state, and after the rotation, they are expected to return to meme coins! A few days ago, meme coins had a fake pump, but the popularity is still strong. Once the AI concept coins reach their peak, meme coins will begin to enter their main upward trend again. Select a few meme coins that you are optimistic about and prepare to ambush; if you position well, another wave of doubling profits awaits!
Ambush candidates: PEPE PNUT CHEEMS
