BTC slightly declines but the entire market is 'red hot'!
Bitcoin today adjusted to the range of $107,480, down nearly 3.6% in the past 24 hours. However, Altcoins are affected even more heavily:
ETH down 4.2%
SOL down 5.8%
$PEPE down 7.5%
$SHIB down 6.3%
$DOGE down 5.9%
It can be seen that just a slight decline in BTC causes the entire Altcoin market to 'dive'.
The reasons may stem from:
Profit-taking sentiment after a strong uptrend
Pressure from expiring options contracts
Short-term funds rapidly withdrawing
Proposed strategy:
Prioritize monitoring BTC at support level $106,000
Limit FOMO into Altcoins while the market is unstable
DCA cautiously with small capital, prioritize large-cap coins
This article is not investment advice. Conduct your own research before making financial decisions.