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This round of altcoin market is really tough. Even with small leverage trading, it’s hard to avoid the market’s intense volatility. Those hoping to multiply their small funds now find it even more difficult.
In the past, whenever Bitcoin surged, altcoins would also skyrocket, sometimes even more fiercely. But the current situation is completely different. Bitcoin hasn't had a significant pullback yet, and many altcoins have already hit new lows consecutively, some even approaching the bottom of the bear market. Even if Bitcoin rises to $60,000, many altcoins are still far from their previous highs.
There are too many different factors at play in this round of the market, and now more than ever, everyone needs a keen eye for selecting coins and sound judgment. In the past, during a bull market, almost all coins could soar, but now it’s different; not every coin can perform like that. So, choosing the right coins becomes especially crucial. If you pick wrong, while other coins are rising and your holdings are stagnant, or other coins are falling and your holdings are falling even more, then there’s no talk of making money. Even breaking free from losses becomes an unreachable goal.