Bitcoin: The roller coaster thrill after the crash; buying the dip requires utmost caution!
Bitcoin yesterday was as thrilling as a roller coaster. From the chart, the volume during the rebound was incredibly weak compared to the decline. This position has been consolidating for too long, and the bearish momentum is growing like a snowball. There is a high probability that we will see 1 to 2 more dips to complete the bottoming process. Friends looking to buy the dip should definitely hold back; buying now is like dancing on the edge of a cliff—one misstep could lead to disaster. Just wait a bit longer!
Ethereum: The sudden change in the linked trend caught people off guard!
Ethereum and Bitcoin are closely linked. Yesterday's short-term rebound looked quite strong, but today it made a decisive turn, making the trend change faster than flipping a book, leaving investors confused and unable to grasp what’s happening.
SOL and BNB: The spotlight has switched, and the bottoming points are shrouded in mystery!
This time, BNB has stolen quite a bit of the spotlight from SOL. It seems like the tides are turning. However, whether this heat for BNB can be sustained remains uncertain. As for the bottoming position for SOL, it's shrouded in mystery, so we need to observe further and definitely shouldn't act rashly.
Altcoins: The imagination and risks of the BNB chain coexist; holding on to BNB might be the way to thrive!
Speaking of altcoins, regarding the future potential of the BNB chain, the safest approach might be to hold on to BNB. Once demand increases, one can enjoy the benefits of BNB's price rise and use BNB to mine. If luck strikes and a big market rally occurs, holding could even yield some benefits. If one encounters a significant uptrend, annualized returns might even offset previous declines. However, this is just a bit of psychological comfort. If faced with a major surge and drop, it’s better to run when needed; it’s better to be caught with a loss at the waist than at the head—otherwise, the feeling can be quite unbearable!
The current situation in the crypto world is like a tumultuous sea in a storm, full of uncertainty. Investors need to keep their eyes sharp and proceed cautiously!
