Look at the second-level order book. At this position, it seems that none of the coins are really easy to open.
Bitcoin first pushes upward, but the altcoins have not shown strong follow-through rallies. More often, they only passively catch up a little.
With this kind of structure, I actually think we should be wary of a bull trap.
$ZEC has already completed one round of leading gains, but other major coins have not truly turned strong; they’re only making simple catch-up gains.
If later it’s still only $BTC siphoning liquidity, and the altcoins can’t take over the funding, then it will turn back into Bitcoin’s exclusive bull market.
So don’t rush to FOMO now. The key is whether the altcoins can truly take the baton.
It’s not hard for Bitcoin to rise. What’s difficult is whether the capital can spread to the altcoins.
Bitcoin first pushes upward, but the altcoins have not shown strong follow-through rallies. More often, they only passively catch up a little.
With this kind of structure, I actually think we should be wary of a bull trap.
$ZEC has already completed one round of leading gains, but other major coins have not truly turned strong; they’re only making simple catch-up gains.
If later it’s still only $BTC siphoning liquidity, and the altcoins can’t take over the funding, then it will turn back into Bitcoin’s exclusive bull market.
So don’t rush to FOMO now. The key is whether the altcoins can truly take the baton.
It’s not hard for Bitcoin to rise. What’s difficult is whether the capital can spread to the altcoins.