The price of Bitcoin has risen from 745 to 978, an increase of nearly 30%. If the altcoins we hold have an increase of less than 30%, we can directly give up and switch to Bitcoin, as at least its increase is greater than that of our altcoins, and its decline is not as severe as the decline of the altcoins.
If the increase of the altcoins we hold is between 60-90%, they are considered basically acceptable altcoins, with an increase of 1-2 times that of Bitcoin. In this case, we can choose to hold them, while also being prepared for the drawdown that comes with Bitcoin's pullback.
If an altcoin has increased by more than 100%, meaning it has doubled, and it is not one of those coins that has dropped by 10-20 times, then this asset is good and can be observed for a bottom-building position.
This method of judgment is simple and straightforward but very effective, and all coin friends can learn it quickly.
For example:
ETH: 34% (consider switching to Bitcoin)
SOL: 65% (consider continuing to hold)
BNB: 19% (consider switching to Bitcoin, BNB has mining so holding could also be considered)
DOGE: 48%
SUI: ?
ADA: ?
LTC: ?
DOT: ?
…