This season's market will not rise continuously or surge like previous seasons.
So, there will still be an Altcoin season until Q4, but it will always be interspersed with BTC's dump cycles. Just like today, BTC dropped without any reason... Essentially, it's because too many people are long, and since everyone is shouting about ETH being strong and going long, it's normal for ETH to dump down to $4.2k as it is now. And it may continue to drop in the coming days.
You should prioritize picking top coins or major coins with large market caps to avoid risks when BTC falls.
This season, if you don't choose the right altcoins to play, it will be really hard to profit in this market.
#Bitcoin #BTC #Ethereum #ETH #SOL #SUI #SEI #APT #BERA #ZK #ZRO #STRK #OP #ARB #EIGEN #PEPE
#BTC ends the next week in August with a rather bad red candle. The last two days of the weekend showed no recovery in the price of #BTC to create a green candle.
With the weekly candle closing quite poorly, the next time regarding the trend of #BTC will likely see another adjustment...
As for #ETH and Altcoins, currently, there is no significant correction like before with each drop in BTC's price; for example, last week $BTC fell 6% in one day as part of the capital flowed from BTC to ETH.
For those holding positions, just sit tight and wait; for those who sold and are waiting to buy back at a lower price, just wait... The market always knows how to play everyone. Those who are patient and alert can take advantage... Meanwhile, most are just chasing the market.
#Bitcoin #BTC #Ethereum #ETH #SOL #SUI #SEI #APT #BERA #BNB #ZRO #ZK #STRK #OP #ARB #EIGEN #PEPE
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