🔥Are you worried that many Altcoins haven't pumped yet? Should we take profits or hold on, right?....Feeling really confused, everyone feels that way, even I do. But first, I want to share my perspective for everyone to consider!
With the analysis, you have been reading continuously, so you have a good grasp of it. As for the market psychology now, it's indeed hanging by a thread.
- BTC and Altcoins in this situation, I believe by the end of May, there might be a significant drop. Looking at the overall picture, the market seems to be saturated, and the FOMO mentality isn’t as overwhelming as it used to be. So it will be somewhat harder to analyze and it will feel more uncomfortable to navigate.
- For me, Altcoins really haven't pumped much, and BTC is ready for a big wave now; the current position and a further -20-45% is something everyone should prepare for and have a strategy ready. An uptrend will definitely happen, but price adjustments are necessary.
- The market needs to cycle 1-2 rounds of pumping for Altcoins before taking a bit off and then pushing further. Or it might just slowly push up until BTC reaches 120-150k. Accidentally, many new traders might not have the assets to profit.
- I differ from many here in that most of my spot capital is already held, many may be like me; once you hold the assets, you can only wait for them to increase, you can't do much else. If there's a profit, take it; otherwise, see how it reacts and then decide. Recently, I took profits from 6 coins and auto cashed out half, holding back to prepare for purchases.
The top coins now have relatively stable entry points, neither high nor at the bottom. Preparing for -20-45% is something you should allocate and gradually buy from now on if possible. Recently, only the meme coins have been pumped. So let's stay optimistic! And make preparations. What do you think?