What is the connection between the rise and fall of the cryptocurrency market?

The rise and fall of the cryptocurrency market has patterns that can be followed 90% of the time.

The factors influencing the rise and fall of the cryptocurrency market can be summarized as:

fundamental news + market sentiment + the trend of leading cryptocurrencies (Bitcoin).

Speculating on cryptocurrencies based on fundamental news is a type of speculation; if you lay the groundwork in advance and encounter significant news release times, you can seize the opportunity to profit. For example, the timing of the US dollar's announcement on whether to raise interest rates can yield short-term profits if you grasp the direction correctly. Of course, this method is not applicable in most trading periods.

Market sentiment is influenced by fundamentals and the fluctuations of cryptocurrency prices; it is more emotional and harder to control. If it is not a major bull or bear market, it is not advisable to go with the flow.

Lastly, the trend of cryptocurrency prices, especially Bitcoin's trend, can drive more than 90% of other cryptocurrencies in the market. The price of Bitcoin follows historical patterns, and when it reaches certain resistance levels, one must decisively turn back.

Today's focus: link, sol, bonk, bome, wif