Personal suggestions and views on the current market situation

1. A small fluctuation in BTC, while altcoins collectively plummet, what is the reason?

2. BTC is fluctuating above the MA20 moving average, the upward trend is not over, and altcoins will rise again.

3. Don't be disappointed with ETH; if ETH fails, there will be no future for altcoins.

1. I will briefly analyze the current situation of altcoins in this round of market; currently, after two bull market rounds, Binance has seen hundreds of altcoin projects sell off their chips, and it is not something that a little capital can push into a bull market. Their vitality is close to twilight. In today’s market with scarce funds, pulling up prices will bear significant risks. Therefore, we see BTC breaking through 120,000, while most altcoins are still dragging along. A slight rise is just waiting to smash contracts and make profits when BTC fluctuates. To put it bluntly, these project teams have given up themselves. First, they have already made enough profit; second, they have little capital left. So we see that the projects recently launched on Binance are very strange; they all have a market value of around 100 million; because there is no choice, they need to find fresh blood to revive the current situation on Binance, and these altcoins will have some chips bought in advance by Binance for operation. Therefore, what we need to focus on now is: 1. Value coins will perform better than the old projects on Binance; 2. Newly launched projects on Binance should be given special attention because these are their self-rescue projects that are likely to rally after a washout.

2. On the market, BTC is still running above the upward MA20 moving average, and it is far from breaking the moving average, so the upward trend has not yet finished its time window. Altcoins have dropped significantly; the scenario here might be that BTC consolidates horizontally with strength, while altcoins build a bottom for a few days, then resonate and move upwards together.

3. Don’t be disappointed with ETH; American institutions and publicly traded companies in the U.S. have become the new major players of ETH. It is only a matter of time before Ethereum breaks its historical high. If ETH fails, altcoins can only go to zero.

4. You must learn to operate on-chain; the opportunity to get rich in the next bull market will likely still occur on-chain. The current dog coins are like the ones in the 2017 bull market, without contracts and relying solely on pulling up prices to sell. This is the best opportunity to make money, and Binance will only choose dog coins to launch, so don’t play twilight romance with the old junk coins on Binance; focus your energy on dog coins.