The strong pull after this FOMC is really exciting!

But the overall momentum has already faded. BTC has been consolidating since it peaked at $123,000, with each high being lower than the last, and the altcoin market against Bitcoin was also knocked down ten days ago.

The days of daring to surge only lasted about two weeks.

Now, mindlessly betting on altcoins and hoping they fly around seems pointless to me.

It’s becoming increasingly clear that the long positions worth holding are still Bitcoin and Ethereum, after all, money is flowing towards them.

Of course, in this situation, altcoins are definitely stronger than they were back when Ethereum was weak—back then, going long on Bitcoin and short on altcoins was quite appealing.

But considering the risks, holding long positions in Ethereum is much more reliable than most altcoins (I’m more bullish on Bitcoin, but I hold both). I’ve opened some short positions on altcoins to hedge my long positions.

I firmly believe that Bitcoin will reach even higher this year!