From a professional investment perspective, $BTC needs to fall below $35,000 before other cryptocurrencies have a chance to usher in a bull market. The current bull market for Bitcoin has ended, and investors should not be fooled by a temporary market rebound. It is recommended to clear positions for currencies that have experienced a wave of increases in the early stage to avoid unnecessary losses.
If the price of Bitcoin falls to around $35,000, this may be a very good time to consider investing funds in the top 10 cryptocurrencies by market value. This means that when Bitcoin experiences a correction, other cryptocurrencies may have opportunities for growth.
Be cautious about the current market and believe that the decline of Bitcoin is a necessary condition for the rise of other cryptocurrencies. The false bull market that may exist in the current market is just to attract more investors to invest, thereby preparing for future harvests.
Investors should pay close attention to market dynamics and look for investment opportunities in other cryptocurrencies when the price of Bitcoin falls. At the same time, pay attention to risk management to avoid unnecessary losses due to market fluctuations.