Many alts are already at the critical point of their structural patterns, but looking at Bitcoin, even if the current rise trend line is broken, as long as the levels of 101K and 98K below are not broken, the probability of the continuation of the one-sided trend will remain.
However, I took a brief look at the structure of the altcoin market, and many have formed M-top patterns, currently positioned below the neckline of the M-top. If Bitcoin fails to defend here, it will truly lead to a lot of flooding trends. If it can hold, alts may ultimately complete a pattern transformation, evolving into a box oscillation or rectangular accumulation pattern.
This may be the very essence of the current anxiety in the entire market regarding the altcoin market!
At this time, it can also be clearly seen through the following Others.D altcoin market capitalization ratio indicator that the overall alts are still in a weak position compared to Bitcoin.
Regarding the alts market, I believe both you and I want to curse right now! But as a qualified trader, no matter what situation you face, just trade according to your plan and execute your strategy. Be an emotionless robot and a jerk, and don't be obsessed with strictly adhering to trading discipline.
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Many alts are already at the critical point of their structural patterns, but looking at Bitcoin, even if the current rise trend line is broken, as long as the levels of 101K and 98K below are not broken, the probability of the continuation of the one-sided trend will remain.
However, I took a brief look at the structure of the altcoin market, and many have formed M-top patterns, currently positioned below the neckline of the M-top. If Bitcoin fails to defend here, it will truly lead to a lot of flooding trends. If it can hold, alts may ultimately complete a pattern transformation, evolving into a box oscillation or rectangular accumulation pattern.
This may be the very essence of the current anxiety in the entire market regarding the altcoin market!
At this time, it can also be clearly seen through the following Others.D altcoin market capitalization ratio indicator that the overall alts are still in a weak position compared to Bitcoin.
Regarding the alts market, I believe both you and I want to curse right now! But as a qualified trader, no matter what situation you face, just trade according to your plan and execute your strategy. Be an emotionless robot and a jerk, and don't be obsessed with strictly adhering to trading discipline.