Is the bull market still on? How will the market move?
First, a conclusion: the bull market is still on, but it needs to go through a period of consolidation before rising again.
In the short term, the possibility of BTC breaking through the 100,000 mark and reaching a new high is relatively low!
If it cannot reach a new high, then there are two possible scenarios:
1. BTC will fluctuate between 90,000 and 100,000.
2. Or it may continue to pull back, falling to a stronger support level.
Regardless, BTC is still BTC, and altcoins are still altcoins, trading strategies remain divided into
Two paths: continue to invest in the overall direction of Bitcoin, while altcoins will continue to look for short-term hotspots.
Currently, altcoins have experienced a MEME craze, followed by a secondary hotspot coin craze. The current market state is quite suitable for taking a break, and after the market adjusts, we can choose our investment direction again.
If anyone is confused due to market fluctuations, unsure how to deal with being stuck, or feels misled during the trading process, I am Jiu Ge, and welcome to communicate.
