Following the strongest prediction of the entire network last year, I will make another prediction this year. Because the recent market panic is too serious, I have not analyzed the market for a long time. Today, I will talk about my judgment on the secondary market of altcoins.
At present, the total market value of Bitcoin is in the vicinity of the monthly line ma120. It was mentioned a long time ago that the probability of a successful breakthrough is not high. It is also the position where the altcoin market bull market begins. Therefore, the current market value share of Bitcoin is extremely unfavorable for Bitcoin. Generally speaking, whoever's market value share decreases will be poor. Refer to the market value share trend of Ethereum in Figure 3 and the price performance of Ethereum in the past two years to get a glimpse of it. In addition, the monthly line is in a serious overbought and needs to be adjusted. Therefore, it is expected that Bitcoin will definitely be poor throughout this year, and the altcoin market will usher in the last wave of dividends for retail investors. There will be no more in the future, or it will be difficult, because from the Bitcoin market value share chart (Figure 2), we can see that after the end of this round of altcoin bull market, it will enter the end of the triangle structure, and the shock range will be greatly reduced, which means that there will be no particularly large profit space, and it also means the complete end of the bonus period of the currency circle. $BTC $ETH