No liquidation team established today 😘
Bitcoin's daily, weekly, and monthly lines have reached previous highs again, and it's getting a bit 'expensive', but altcoins are actually still very cheap. The players behind Bitcoin are a group of people, and most of them are actually the players of other coins. They have a trick that retail investors cannot learn, which is to go with the flow and take advantage of the situation. When the crypto market is ready to rise, the players do not gamble like retail investors; they just need to subtly push the market up and down at the right time, constantly harvesting in the back-and-forth process.
So sometimes, you don't need to complicate things too much. You just need to ask yourself, 'If you were the player of a certain coin, what would you do?' This coin is not some new retail coin; it is a relatively high-volume altcoin, like Dogecoin or Pepe. First, there are a few principles that will definitely hold: Although the crypto market often scares people with the zero-value Luna, after experiencing that, it is unlikely for such things to happen again. Retail investors come in waves, and maintaining a coin with trading volume to repeatedly harvest retail investors is a very stable profit; going to zero has no meaning.
This means we only need to know where the bottom is, so when it reaches the bottom, we just buy more. If it goes down further, the probability is quite low. The second principle of trading coins is: there will be no analysis that is 100% correct. Everything is actually a probabilistic event because, in addition to the passive operations of the players, various news events will also influence everyone's judgment.
Finally, back to the current analysis: if you were the players of altcoins, would you want Bitcoin to rise or fall? Currently, it is a decision point. If Bitcoin falls, altcoins are very cheap, but there is still room for a drop right now, and many people will bet. If Bitcoin rises and breaks the previous high, the number of people betting will actually decrease.
But actually, the best choice is: Bitcoin oscillates between 110,000 and 100,000, making you feel like it will rise one moment and fall the next. Altcoins will have a chance to keep up with the rhythm in this round of rise. In the end, either we all welcome Bitcoin breaking new highs and then falling to end this cycle, or we all just drop together, both options are fine.
So the conclusion is: it is not yet time for us to place our bets; let's wait a bit longer~
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