Altcoins Re-enter Hell Mode
This year, altcoins only had two waves of market trends, one in March and one in November.
Each lasted about a month.
If you run slowly, the profit reversal is very severe.
If you expand your position, you will be severely trapped.
If you didn't catch these two waves of market trends this year, it’s equivalent to playing for nothing.
Now, altcoins are very hard to play; it's difficult to judge their bottoms and tops. You either sell off early to avoid losses or enter early and get trapped.
For example, Ethereum has failed to stay above 4100 for three consecutive times this year.
Many altcoins have dropped back to levels seen in October and November, while Bitcoin hasn't dropped much yet. If it falls below 90k, the consequences can be imagined.
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