Currently, BTC is consolidating while altcoins are plummeting, causing panic among many. However, BTC remains above the 20-day moving average, the trend is not broken, and the rebound window is still open.
Old altcoins have been repeatedly harvested, and the project teams are unable to push prices higher. Platforms are starting to support new projects while discarding the old ones, and newly launched small-cap projects may actually have the potential for capital influx.
Although ETH has seen a decline recently, it still performs significantly better than the overall market, and the hope for altcoins still lies with E. A true rebound often starts quietly when emotions are at their worst.
Don't easily give up on the current market situation; adjustments are merely the buildup for the next surge.
