However, the recent market trend is weak, and Bitcoin is likely to usher in a wave of corrections, breaking the current price balance.
What balance?
Recently, due to the negative impact of CZ and policies, when the market fell to 57,000, the altcoins did not fall much, and it seemed that they had fallen to the bottom.
Therefore, we can regard Bitcoin above 57,000 as a price range. In this range, the altcoins have maintained a delicate balance because of the big plunge.
This balance seems to tell us that the market can no longer fall.
But this balance is likely to be destroyed with the sharp drop in Bitcoin in the short term. According to Thirteen's optimistic estimate, Bitcoin still has at least 5 to 8 points of decline, and the altcoin may still have 20 to 25 points.
Once Bitcoin falls below the balance point of 57,000 and enters the next price range, the altcoin is likely to plummet.
At this time, as an investor, you can't bet that the market will definitely fall or rise.
We must be prepared for risk response, and this preparation is also very simple, that is, embrace Bitcoin when it falls.
If you are a heavy holder of altcoins, you can slowly transfer your altcoins to Bitcoin or Ethereum. In this way, your risk can be minimized.