Report Outlines How To Trade Today’s Altcoin Market: ‘SOL Will Be Our Main Focus’
Published by
Benzinga
Benzinga
A Navigating Narratives report by K33 Research, led by DeFi analyst David Zimmerman, outlines the crypto trading strategies for investors in Bitcoin (CRYPTO: BTC) and altcoins post the Spot Bitcoin ETF approval. What Happened: The report notes that the Spot Bitcoin ETF approval was a “sell-the-news” event, breaking the market uptrend. It cautions traders not to expect that Bitcoin will immediately rise vertically to new highs. The analyst recommends redeploying Bitcoin rally profits only after it drops 30-50%, not 10%. Once the Bitcoin rally is “exhausted,” the report suggests shifting focus t…