$ETH $BTC

You found the reason why you are trapped in altcoins! Make sure not to buy at the peak!

After all the analysis, is the support level not working? The key to altcoins is comparing their exchange rate with Bitcoin (it's pretty much the same as Bitcoin's dominant position). For example, the key support for altcoin TIA is at 4.7, while Bitcoin is at 69,000. Bitcoin is at a resistance level, but TIA is at a support level. So when Bitcoin retraces to its support level, TIA will break its major support level and drop directly to the next support level at 3.8, falling several points is not a big deal. Bitcoin stabilizes and starts to rise, but currently, altcoins are all being drained by Bitcoin. Will TIA return to 4.7? It will not; it will repeatedly be pressed down by Bitcoin, leading to a lowering exchange rate and excessive decline.

So to do well in altcoins, your indicators should be the support level of Bitcoin and the support level of altcoins resonating, rather than solely analyzing the altcoins, after all, worthless altcoins can plummet to zero in a downturn.

I will update my views on Bitcoin shortly.

#狗狗币创数月新高 #山寨币被套解套技巧 #BTC触及7W #科技巨头财报周 #PCE、非农数据来袭