The Head Analyst of Big Dipper listed his expectations for the future of Bitcoin and altcoins! He revealed his new strategy!

After the sharp declines in Bitcoin, it continues to trade in a sideways range, without making a breakthrough in either direction, leaving investors curious about the next big move.

While some analysts warn that the price of BTC may drop a bit, one of them is il Capo.

Known for bearish views and frequently criticized by investors for his negative comments, the Capo of Crypto shared his expectations for Bitcoin and altcoins.

In Capo stated that if a second downturn occurs, he expects BTC price to be around 88,000-90,000 dollars and altcoins to experience a decrease between 10-30%.

After a sharp decline at the beginning of the week in Bitcoin and altcoins, there has been a small recovery, but the analyst who says that there are still weaknesses reopened his hedge position until he sees signs of a proper rise or a second wave of decline.

In the cryptocurrency market, hedging (hedge position) is a strategy used to help an investor offset potential losses due to adverse price movements in an asset they have opened a position in. The key point here is to hold two or more open positions when trading. If there is any loss in your initial investment position, you can offset them with the gains from the second one.

The analyst said that he will continue to hodl, even if a second wave of sales comes, and he plans to buy the dips, stating that he is waiting for a local bottom.

Although there has been a recovery in the market following the fall, there are still some fundamental weaknesses.

I reopened the hedge position until I see favorable uptrend confirmations or a second downward wave that could drop BTC to around 88k-90k.

Some altcoins may drop by 10-30%.

Even if this happens, the plan remains the same: Buy the dip and sell the fall. There should be a significant local bottom very close.