Rebound or reversal? How to pick explosive altcoins?
Not only is Bitcoin rising, but the overall altcoin market has also broken through key levels.
An important CP data will be released on May 13, and the market may adjust in the next few days. Those wanting to enter the market can wait and see if there are good prices.
In the short term, after a market surge, it usually takes a break. Currently, Bitcoin has not shown any obvious signs of peaking, so shorting at this time is not very wise.
Moreover, the rise of BTC often drives altcoins to rise as well, and the potential for altcoins to increase may be even more considerable.
How to select potential altcoins in the current market?
1: Never just focus on low-priced coins that haven’t risen, thinking you can pick up a bargain; often there are reasons why they haven’t risen!
2: What is truly worth paying attention to are those strong coins with high trading volume and leading gains.
3: Many people are afraid of chasing highs and keep thinking about coins that haven’t risen, instead looking for those low-priced coins that haven't started yet. But market rules often go against human nature; those coins that haven't surged significantly in the short term are likely lacking in capital recognition and speculation logic.
The market completely follows the direction of U.S. politics. As soon as the market heats up, funds will definitely rush to politically related coins first; if not trading these, then what?
Recommendation: Buy on dips for $PNUT $TRUMP
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