#BTC Why is it said that the altcoin season has come. First of all, we need to understand why altcoins have been falling. It is because BTC is in the 100,000 range, and there is a pullback expectation when BTC exceeds 100,000. Therefore, when BTC rises, altcoins fall, and when BTC falls, altcoins fall even more! This leads to the parallel existence of BTC bull and altcoin bear. When BTC reaches a new high and will not go below 100,000, the previous top resistance at 100,000 becomes the bottom resistance level directly, and altcoins will not fall due to BTC rise. Therefore, what will happen later is that when BTC rises, altcoins rise even more fiercely (because they have fallen significantly), causing BTC funds to overflow and BTC to enter a sideways trend, similar to the situation in March every year in history. So, I say the altcoin season has come. Some people ask me what to do about Japan's interest rate hike and the Fed not cutting interest rates. I knew that there was no interest rate cut throughout March in 2023, and Pepe increased tenfold. As always, increase holding for swing trading and wait patiently for March.
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#BTC Why is it said that the altcoin season has come. First of all, we need to understand why altcoins have been falling. It is because BTC is in the 100,000 range, and there is a pullback expectation when BTC exceeds 100,000. Therefore, when BTC rises, altcoins fall, and when BTC falls, altcoins fall even more! This leads to the parallel existence of BTC bull and altcoin bear. When BTC reaches a new high and will not go below 100,000, the previous top resistance at 100,000 becomes the bottom resistance level directly, and altcoins will not fall due to BTC rise. Therefore, what will happen later is that when BTC rises, altcoins rise even more fiercely (because they have fallen significantly), causing BTC funds to overflow and BTC to enter a sideways trend, similar to the situation in March every year in history. So, I say the altcoin season has come. Some people ask me what to do about Japan's interest rate hike and the Fed not cutting interest rates. I knew that there was no interest rate cut throughout March in 2023, and Pepe increased tenfold. As always, increase holding for swing trading and wait patiently for March.