Why are 99.99% of people in the market focusing on Bitcoin trends?
Roughly divided into three categories:
One category is those who are trading short-term and enjoying it;
Another category is those who are waiting for altcoin markets to rise;
And the last category are those who hold Bitcoin for the long term— for them, the short-term price fluctuations of Bitcoin are completely irrelevant, as long as they can eventually reach their target price, whether it's 200,000 or 500,000.
I belong to the second category.
Because every time Bitcoin enters a consolidation phase, it often lasts for several months, and altcoins also enter a deep correction.
Bitcoin is the barometer for altcoins, and this has never changed.
Therefore, one thing I have always been doing is: analyzing Bitcoin to grasp its periodic trends, helping everyone to avoid topping altcoins or to position themselves at the bottom.
