Next, we will soon reach the second!
Bitcoin has finally stood up today! Once we get past the hurdle of 109588, it will directly slap the faces of those bears saying "January is the historical peak." This wave of movement has given a big red stamp to our judgment at the beginning of the year— the bull market hasn’t ended at all!
However, when chatting with the friends around me who are trading coins, wow, eight out of ten are feeling down. The altcoins in their hands are still scraping the floor! There’s a fan who bought those miscellaneous coins at a high price last year, and now they’re losing so much they’re almost out of pants, thinking about breaking even? No chance! This wave of the bull market feels like a solo comedy act, just listening to Bitcoin sing a one-man show.
So, are there really no chances left for altcoins? If you ask me, don’t rush to liquidate and cut losses. Right now, this market is like pickled radishes, it needs to slowly soak in flavor. If Bitcoin doesn’t pull any tricks in the next week, the altcoins can still bounce around a bit. But if Bitcoin goes into free fall, then us small coins will be in big trouble.
However, the real big opportunity, I think, will have to wait until September or October. By then, the big players will have made their moves, retail investors will have entered the market, and maybe the altcoin market can come up with a big surprise.
