The Wave of Altcoins May Be Coming

The point we raised earlier is still valid today.

1. The strong performance of Bitcoin (BTC) will create space in the market; if the Ethereum to Bitcoin (ETH/BTC) exchange rate can manifest on a weekly level, it will attract capital inflow, signaling the arrival of the altcoin wave.

2. When the Ethereum to Bitcoin exchange rate breaks through the important annual resistance level of 0.045, the altcoin market may welcome a strong trend.

From the market perspective, if Ethereum's daily trend can proceed as shown in Chart 1, we can consider that the current adjustment phase is nearing its end.

In such a market environment, the strategy for spot investors becomes relatively straightforward. The closer it gets to key positions on the weekly level, the more it is worth positioning. Although the current market may seem relatively weak, we are confident about its future and should not easily question it. Please strengthen risk management, manage positions well, and do not fall in the darkness before dawn. When trading feels confusing or helpless, you may consider focusing on ρꪊρρⅈꫀડ on the Ethereum chain, which is expected to become the next SHIB and is worth appropriate positioning by investors. #还有山寨季？ #XRP热度飙升 #AIXBT、CGPT、COOKIE将上线币安 $ETH $XRP $DOGE