$BTC had a small dip to 115000 at noon again, a pullback at the daily level. It's not yet time to talk about a bottom, but this position should experience some consolidation. Compared to $ETH, it is relatively strong, which has led to a moderate decline in most mainstream cryptocurrencies!
Actually, the logic at this stage is somewhat different from before: the main focus is not on whether $BTC can rise; as long as Bitcoin doesn’t fall, there is room for operation in mainstream altcoins. The reason for this, as mentioned before, is the shift of capital seeking profits. With limited upward space for Bitcoin, smart money will transition from Bitcoin to mainstream currencies like Ethereum.
I reduced my positions three times last week, and each reduction was explained. I plan to gradually add back two layers of my three-layer position during the consolidation pullback, prioritizing strong-performing coins from the recent period, such as $ETH, $CRV. I even have the idea of only trading ETH; those stagnant investments are best left alone.
The pullback is a good opportunity to filter out quality coins. Recently, those that performed well, showed resilience during the pullback, and rebounded strongly will definitely be the top targets. If you feel that your current positions are lacking, the pullback is also a great opportunity to switch positions!
