Stop panicking, this is good

Its always entertaining watching the flipflopping of opinions in this sub. People need to recognise when they're presented with a good opportunity.

BTC has been consolidating for months and finally the bandage is torn off to properly retest the Bull Market Support Band. This happens every fucking cycle, multiple times. BTC can't constantly go up without testing support levels.

Alts are getting wrecked on their BTC pairs because the US is still in QT. By June, QT will end and Powell in the coming months will make it clear when QE will begin. There's a squeeze on finances and the labour market right now creating uncertainty. Volatile markets hate uncertainty and Alts are the most volatile of all assets.

There's a reason huge funds have been buying massive amounts of ETH and BTC over the past 4 months. They know QE will reverse the trend and BTC/ETH will front run alts, dragging up their USD and BTC valuations.

People calling for the end of the bull run have zero fucking clue what they're talking about. This cycle is more politicised than ever but if the trend isn't broke, don't bet against it. Alt valuations are essentially doing the same as early 2020 – reset all/majority of gains and rally following stimulus packages, QE and lower rates. You're being gamed by big money if you sell into a massive loss right now. Just DCA and stop looking at the charts every second. There's grass outside you know.