The current bull market is only a BTC bull market, a bull market without altcoins. Is the bull really here?
BTC has boldly reached the position of 89,800, and now some people are shouting for it to reach the position of 200,000. But how many people are actually making money? ETH hasn't surged like it did in March, and many altcoins in people's hands haven't even broken even yet; the mainstream ones haven't increased much either.
So why is this situation occurring? Do we still have the chance to ride the coattails of the bull market and enjoy the big profits? Let me answer that for you.
First, the funds in the market are still not very abundant. When money runs to BTC, there isn't much left to consider altcoins and ETH, which leads to a situation where the market looks good but isn't profitable.
Second, the funds entering the market are mostly institutional. They only see BTC and prioritize the safety of their funds, so they push up prices together. Thus, we only see Bitcoin surging.
If it's the second scenario, then everyone still has a chance to enter other cryptocurrencies because when BTC rises to a certain level, there will be a time for correction, and some funds will flow to the second place and altcoins.
If it's the first scenario, then everyone can only wait for death together, as the funds they hold are basically stuck and unable to rise. As long as BTC dips again, it will be a disaster.
So what should we do now? Should we enter or exit? Which sectors should we ambush in? I have the answer in my heart. Type 888 in the comments, and I will reveal the answer later, or click on Zhuye and follow to find my introduction and get the answer in advance.
