It is not recommended to blindly chase altcoins in the near future, mainly based on the following analysis:
When Bitcoin fluctuates sideways in the 67K-68K range, altcoins continue to show a negative trend.
Data shows that the panic sentiment of altcoins has intensified, the net selling pressure is large, and the selling range is significantly larger than Bitcoin, suggesting that the negative trend continues.
Specific situation analysis: If Bitcoin starts a new main rising wave, funds may flow to Bitcoin, making it difficult for altcoins to have a large increase.
If Bitcoin cannot stabilize the existing support and pulls back with Russell 2000, altcoins may face more severe selling pressure and price drops.
Recommended strategy: If you are aggressive, you can consider selling altcoins and increase your holdings of Bitcoin.
If you are conservative, you can sell altcoins and wait for Bitcoin to pull back, and then choose altcoins with better elasticity, such as ARKM, PEPE, WIF, etc. for layout.
