Bitcoin is currently in a blood-sucking market. Although Bitcoin does not have a particularly big rise, it is very good to maintain a high level and trade sideways.

Save money: Bitcoin has been trading sideways at a high level for three days, and a change is not far away. Although the price is already very high, it is still bullish. At least touch the previous high first. As for whether Ethereum and altcoins can follow suit, we will wait and see for the time being, but as long as Bitcoin rises, everything will be easy to handle.

Some brothers are curious. According to common sense, if Bitcoin rises or trades sideways at a high level, then altcoins should not rise wildly. Why do most altcoins fall instead?

So how to judge whether the market is generally rising or the market is sucking blood?

The indicator for judgment is actually not very complicated. It mainly depends on the exchange rate of pie and ether.

When the exchange rate of the simplest pie and Ether has basically no fluctuations, it means that the market consistency is relatively good, and it may generally rise, fall, or even go sideways;

The exchange rate difference between Bitcoin and Ether is large and negative, which means that Bitcoin is stronger than Ether. We generally regard ETH as the overall performance indicator of altcoins. Although the weight is somewhat low now, it still has a certain reference value, so If the Ether exchange rate keeps falling and the price of the pie remains high, it will be a blood-sucking market for the pie.

The current exchange rate of Ether has hit a new low this year. Whether it can bottom out or rebound will only be a matter of the next few days.