$ORDI has returned to the 8U position. It has never been absent from the market every time; although it hasn't risen much, the increase has been quite good each time the market arrives.
I see many people are still shorting altcoins due to habitual thinking, forgetting that altcoins can bounce back despite previous declines. As mentioned yesterday, BTC will eventually break through its previous high, and many altcoins have also recently rebounded from oversold conditions.
I personally believe that this wave of altcoin rebounds is still in the very early stages.
Reasons:
1. Altcoins are not rotating; currently, only a small portion is rising, while most are still being collected by the whales at the bottom.
2. The altcoins that have skyrocketed have not immediately dropped; they have gained subsequent momentum. This is clearly the whales intervening to pump the prices; the early bird catches the worm—the reason altcoins are rising is that the whales are aware that the altcoin market is coming and are preemptively pumping to gather coins.
Next, altcoins should start rotating upwards; prioritize positioning #MEME . Do not easily short coins that are soaring; the funding rate will drag you down.
