Let’s break down this news flash:
① What happened: Arthur Hayes revealed his rationale for selecting altcoins this cycle, emphasizing that the ultimate goal of trading altcoins is to accumulate more Bitcoin.
② Why it matters: The news is somewhat bearish, and sentiment and leveraged funds are likely to feel the impact first. The key question is whether selling pressure will persist.
③ What I’ll watch: Whether trading volume picks up, and whether coins in the same sector follow suit.
④ What I’ll do: I won’t rush to buy the dip. I’ll wait for selling pressure to ease and the candlesticks to stabilize before reassessing.
Back to the market: $BTC is currently at 81520, down 0.67% over 24 hours, with an intraday range of 80809.25–82488.01.
What’s one word to describe your current outlook?
① What happened: Arthur Hayes revealed his rationale for selecting altcoins this cycle, emphasizing that the ultimate goal of trading altcoins is to accumulate more Bitcoin.
② Why it matters: The news is somewhat bearish, and sentiment and leveraged funds are likely to feel the impact first. The key question is whether selling pressure will persist.
③ What I’ll watch: Whether trading volume picks up, and whether coins in the same sector follow suit.
④ What I’ll do: I won’t rush to buy the dip. I’ll wait for selling pressure to ease and the candlesticks to stabilize before reassessing.
Back to the market: $BTC is currently at 81520, down 0.67% over 24 hours, with an intraday range of 80809.25–82488.01.
What’s one word to describe your current outlook?