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#最近关注的新币 In these two days, BTC market experienced a big dump, and some altcoins fell not so harshly, even showing a bit of Rebound. It's not a relentless fall. This is because altcoins were already at a low level, and Market Makers are temporarily in Market Stabilization. I believe that this kind of Market Stabilization will not last long.
Purely from the perspective of the candlestick chart, altcoins have not fallen as much in the past few days and are not falling as much as BTC. This is mainly because most altcoins fell before BTC, and their movements are faster. The daily MACD is forming a bottom, and the 2nd and 3rd daily lines are also bottoming out one after another. Therefore, when BTC hits a new low and trades sideways or rebounds, altcoins will rebound as well. However, this does not mean that the market will not fall further. If there are no major positive developments at the macro level, the next step is to watch for the weekly MACD to fall below the zero axis. In that case, it will take a long time to form a bottom, leading to a deep bear market. After the rebound of the 1st, 2nd, and 3rd daily lines of altcoins is over, they will synchronize with BTC to form a bottom on the weekly MACD. There will be several main falling waves, meaning that at each new low, there will be a rebound, followed by sideways trading, and then a continuation of the fall until the next new low is reached. This is a typical characteristic of a bear market cycle in each halving period.
Each bear market is a touchstone of the market, which will eliminate more than 90% of projects. The vast majority of altcoins will experience a 99% fall from the current price, and the BTC fall is generally above 66%, which is the "bubble burst".#百万美金 FORM1 空投开启 #HODLer Airdrop 上线