12.9 A Few Views on the Market Outlook
1. After the violent spike last Friday, BTC has achieved its goal of clearing leverage, and the market is worry-free.
2. The altcoin season is ongoing, currently in the initial stage of accumulation, and a violent surge is expected in the first quarter of next year.
3. ETH and non-blue chip altcoin indices are expected to experience a pullback before reaching historical highs, estimated for late December.
4. The pullback in a bull market presents excellent entry points at the 20-day moving average and the Fibonacci 0.618 level.
