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Crypto trader Zhu Danfan
Crypto Newbie
11-18 14:16
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Bitcoin and Ethereum are constantly testing new support levels, but observant investors may have noticed that a large number of altcoins are not following suit, which is an intriguing signal. To avoid misleading anyone, let me offer a few general observations. The first scenario is that Bitcoin and Ethereum bottom out and rebound, while altcoins quickly rebound and usher in another wave of price increases. The second scenario is that Bitcoin and Ethereum experience another sharp drop, leading to a complete collapse of altcoins. These are all possibilities, or probabilities, based on past experience. In short, altcoins not following suit is a positive sign and worth considering. However, one counter-argument is: "The mainstream cryptocurrencies just haven't fallen enough yet." So, place your bets, young one!
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Risk and Disclaimer:The content shared by the author represents only their personal views and does not reflect the position of CoinWorldNet (币界网). CoinWorldNet does not guarantee the truthfulness, accuracy, or originality of the content. This article does not constitute an offer, solicitation, invitation, recommendation, or advice to buy or sell any investment products or make any investment decisions
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