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In recent years, the market share indicator of Bitcoin can clearly provide signals for the future market.
Bitcoin's market share has dropped from 60% to 58.8%.
According to observations, about 20% of mainstream coins have seen a decline of less than that of Bitcoin in the past two days, indicating that Bitcoin's market share will further decrease. When Bitcoin's market share drops below 50%, the market will tend towards a healthy level, and a bull market will further commence.
Bitcoin has broken below the support line. If it does not quickly break through 100,000, it is highly likely to enter a deep bear market. The current trend shows that Bitcoin, Ethereum, SOL, BNB, and XRP are experiencing bubble bursts leading to further declines, while mainstream coins are stabilizing.
The next suggestion for everyone is to avoid the top ten coins by market capitalization altogether, as the bubbles are too large and the declines are even greater. Personally, I recommend buying the dips on coins ranked between 20 and 80 that are more resilient, such as FiL, DOT, ETC, LTC and other established coins, as they have smaller bubbles and can hold strong even in a continuously declining market, or even rise against the trend.
To trade coins, you need to start from the underlying logic; otherwise, if you are not the leek, who will be the leek?