BLEEDING
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‼️Altcoin Market Cap Update:
-The current level is acting as a very strong support. I'm hoping the market will bounce off this level and move upwards.
The chances of this level breaking are very low, but if it does, there will be a lot of bleeding in the entire market.
-We need to be prepared for both scenarios. It's essential to buy coins at this level so that we can profit when the market goes up.
-Also, keep some funds free for DCA (Dollar-Cost Averaging) so that if the market breaks this level, we can buy more of the coins that are in loss to bring down the average price.
#BTC☀
#btcpizza
#BLEEDING
#FullMarketBullRun
-The current level is acting as a very strong support. I'm hoping the market will bounce off this level and move upwards.
The chances of this level breaking are very low, but if it does, there will be a lot of bleeding in the entire market.
-We need to be prepared for both scenarios. It's essential to buy coins at this level so that we can profit when the market goes up.
-Also, keep some funds free for DCA (Dollar-Cost Averaging) so that if the market breaks this level, we can buy more of the coins that are in loss to bring down the average price.
#BTC☀
#btcpizza
#BLEEDING
#FullMarketBullRun
Remember this I warned you not to open a long position.Follow for free signal
#Bitcoincrash #Bearish #Bleeding
#Bitcoincrash #Bearish #Bleeding
#BTC☀ if you are thinking about long don't do market is going to bleed more and Bitcoin will also dump
#Cuation #Dump
#Cuation #Dump
Why #BLEEDING ALTs 👇
The reasons behind the recent altcoin dumping can be summarized as follows:
Lack of #Narratives : Previously, altcoins pumped due to specific narratives like memecoins or RWA coins supported by BlackRock. Currently, there's no compelling new narrative driving liquidity into altcoins.
#ETHETFS Trading Delay: Although an $ETH ETF was approved a month ago, trading hasn't started yet. This delay has shifted market sentiment away from altcoins, as their rally often correlates with Ethereum's performance.
Excessive #Greedy : There's been a surge in speculative behavior, with celebrities launching memecoins and retail investors flaunting their gains. This level of greed historically precedes market corrections.
The recovery of #Altcoins" is now heavily reliant on Ethereum. If the ETH ETF successfully attracts significant inflows similar to $BTC , it could trigger the next altseason. Institutional interest in other altcoins could then create new narratives for recovery.
In conclusion, while many alts are currently oversold, historically, buying during such fear-driven dips has been profitable once new positive narratives and catalysts emerge in the market.
Thanks for Reading.
The reasons behind the recent altcoin dumping can be summarized as follows:
Lack of #Narratives : Previously, altcoins pumped due to specific narratives like memecoins or RWA coins supported by BlackRock. Currently, there's no compelling new narrative driving liquidity into altcoins.
#ETHETFS Trading Delay: Although an $ETH ETF was approved a month ago, trading hasn't started yet. This delay has shifted market sentiment away from altcoins, as their rally often correlates with Ethereum's performance.
Excessive #Greedy : There's been a surge in speculative behavior, with celebrities launching memecoins and retail investors flaunting their gains. This level of greed historically precedes market corrections.
The recovery of #Altcoins" is now heavily reliant on Ethereum. If the ETH ETF successfully attracts significant inflows similar to $BTC , it could trigger the next altseason. Institutional interest in other altcoins could then create new narratives for recovery.
In conclusion, while many alts are currently oversold, historically, buying during such fear-driven dips has been profitable once new positive narratives and catalysts emerge in the market.
Thanks for Reading.