People are wise after the event.
After the market fell sharply, we found that before Bitcoin broke through the new high and reached 73777, the altcoin had been rising. When Bitcoin began to fluctuate, the altcoin never turned back and went down from the highest point. There was no rebound in the general trend. Even if Bitcoin rushed back to 72797, the altcoin had not started to pull up.
All these show one thing. In this round of small market, the altcoin market has come to an end. Bitcoin rose sharply, and the altcoin rose slowly; Bitcoin rose slightly and it fell; Bitcoin fell slightly and it fell sharply; Bitcoin fell sharply and it fell like a waterfall.
But this does not mean that there is no market in this round of bull market. It is just that the small round of market before this round of big bull market has ended.
Bitcoin will be halved soon. After Bitcoin is halved, the market will be cleaned up in one to two months and digest the positive and negative impacts of various news about the social world economy (war, ETF, Federal Reserve, SEC, interest rate cuts).
The next round of market will come.
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