SOL Market Observation: Market Sensitivity Is Very Important
Watch how BTC performs when encountering resistance; if major mainstream cryptocurrencies also fail to break through at similar levels, then when BTC pulls back, these coins that didn't succeed in breaking through often will also decline. This kind of correlation is very obvious.
This type of market provides us with great trading opportunities — you can appropriately reduce positions to lock in profits, or set buy orders at the bottom during a pullback, flexibly switching between stablecoins and spot holdings. The key is to observe every move of BTC, using the failure of mainstream coins to break through as a signal to plan exit or add positions in advance.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
13 Likes
Reward
13
7
Repost
Share
Comment
0/400
ForkYouPayMe
· 15h ago
Dance to the rhythm of BTC, the key is not to get knocked out.
View OriginalReply0
AllInAlice
· 15h ago
Oh my, it's again about correlation. When BTC sneezes, SOL catches a cold. It's really annoying.
View OriginalReply0
fork_in_the_road
· 15h ago
Following BTC is really a technical skill; a single correction makes all efforts in vain.
View OriginalReply0
SatoshiNotNakamoto
· 15h ago
Keeping up with BTC's rhythm is the most important; don't be fooled by SOL's inflated hype.
View OriginalReply0
faded_wojak.eth
· 15h ago
Hey, following the trend of SOL is too obvious; whenever BTC moves, it follows, which is not interesting.
View OriginalReply0
BlockchainArchaeologist
· 15h ago
Yes, timing is indeed crucial in this wave; once BTC moves, everything else trembles.
View OriginalReply0
TokenToaster
· 15h ago
Too realistic, every move of BTC is significant. We definitely need to keep a close eye on this wave.
SOL Market Observation: Market Sensitivity Is Very Important
Watch how BTC performs when encountering resistance; if major mainstream cryptocurrencies also fail to break through at similar levels, then when BTC pulls back, these coins that didn't succeed in breaking through often will also decline. This kind of correlation is very obvious.
This type of market provides us with great trading opportunities — you can appropriately reduce positions to lock in profits, or set buy orders at the bottom during a pullback, flexibly switching between stablecoins and spot holdings. The key is to observe every move of BTC, using the failure of mainstream coins to break through as a signal to plan exit or add positions in advance.