The current location is unclear. If the physical K-line can touch 94K, it will be easier to judge. It is currently difficult to determine whether this is the early start of the second or even third wave of market conditions, or the end of the first wave of market conditions.
The key is that the performance of Bitcoin (BTC) and altcoins (alts) differ significantly. Just focusing on the current trend of altcoins, we can determine that they have shown a short-term trend, while the long-term bull trend still exists. From an index perspective, the long-term trend of 193 – 450 – 330 remains intact.
If we only look at the trend of Bitcoin, its short-term is just a correction, and the long-term trend is currently minimally affected.
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