#BTC Why is it said that the altcoin season has arrived. First of all, you need to know why altcoins keep falling, because BTC is in the range of 100,000, when BTC exceeds 100,000, there is an expectation of a pullback, so BTC rises and altcoins fall, BTC falls and altcoins fall further! This causes BTC bulls and bearish altcoins to move simultaneously. When BTC reaches a new high and will not fall below 100,000, the previous peak resistance of 100,000 immediately becomes the lower resistance level, altcoins will not fall because BTC is rising, so what will happen next, BTC rises, altcoins rise stronger (because they fall deeper), altcoins rise sharply causing BTC funds flow, BTC undergoes Sideways, this is similar to the situation in every March in history. So I say the altcoin season has arrived. Someone asked me about the increase in Japanese interest rates, what if the Federal Reserve does not lower interest rates, since it was known that there was no interest rate cut on March 23, the pepe increased tenfold. As usual, swing trading increases coin holders, waiting quietly for March.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#BTC Why is it said that the altcoin season has arrived. First of all, you need to know why altcoins keep falling, because BTC is in the range of 100,000, when BTC exceeds 100,000, there is an expectation of a pullback, so BTC rises and altcoins fall, BTC falls and altcoins fall further! This causes BTC bulls and bearish altcoins to move simultaneously. When BTC reaches a new high and will not fall below 100,000, the previous peak resistance of 100,000 immediately becomes the lower resistance level, altcoins will not fall because BTC is rising, so what will happen next, BTC rises, altcoins rise stronger (because they fall deeper), altcoins rise sharply causing BTC funds flow, BTC undergoes Sideways, this is similar to the situation in every March in history. So I say the altcoin season has arrived. Someone asked me about the increase in Japanese interest rates, what if the Federal Reserve does not lower interest rates, since it was known that there was no interest rate cut on March 23, the pepe increased tenfold. As usual, swing trading increases coin holders, waiting quietly for March.