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Bitcoin has not been able to break above 830 these days, so I still maintain my view that 830-850 is not stable, and I remain bearish. Of course, it’s also possible to hover around 80k, which is the movement I want to see the most. After all, only when Bitcoin hovers back and forth can altcoins rally and take off. Swing trading altcoins can yield 30-100% gains much faster than trading Bitcoin, and there are still so many altcoins without liquidity. Bitcoin’s volatility is an opportunity.
Although I’ve always thought that beginners and less knowledgeable crypto friends should only buy Bitcoin, deep down I still prefer altcoins. Especially for me who experienced the 2021 bull market, having felt the explosive growth from 100x bottoming to 1000x launching, I always have this subconscious. But I still have to face reality; currently, altcoins indeed are not as promising, but finding a coin that can make 30-100% profit quickly is still faster than trading Bitcoin. However, this requires much higher skills than before.
What I least want to see is Bitcoin crashing sharply, but I can’t predict how the market will move, so I can only prepare for a potential crash.
Bitcoin is best to stay in consolidation, and the consolidation in May could let altcoins fly and also multiply my account several times.
$BTC