$BTC 🔷 BTC Update for everyone
🔶 Currently, BTC will only move up and down within the small box with limits from 104 to 106. Occasionally, there might be spikes up or dips down past the box, but it quickly returns inside the box.
🔷 Strong altcoins can recover about 50-60% compared to BTC's movements, while weak ones will only recover 10-20%. When BTC goes down, they tend to drop more than BTC.
🔶 We call this phase a Blood Bath (altcoins losing value); it will decline by another 30-50% from here, so our Long holders, don’t ask why altcoins are not rising despite BTC going up, and are actually dropping.
🔷 There are two ways to play during this phase:
- First: Increase the time frame to identify the bottom range of altcoins, then set up pending orders gradually down to the bottom range waiting to get filled (not caring about how BTC dances).
- Second: Observe the top coins that recently increased in price like BMT, Jewjly, etc., essentially looking for unusual coins, wait for liquidity to be withdrawn, then jump in for safer bets.
WISH YOU ALL A reasonable strategy to make money on the exchange!!!