Currently, it seems that we are in a market of cleaning up leveraged altcoins, entering the bottom-fishing zone!

It goes without saying that the market has not peaked yet; the understanding king has not yet taken office, and interest rate cuts are still ongoing, with a series of favorable policies ahead.

The 104000 pattern is not the peak of this bull market; bull markets often involve multiple spikes for washouts.

After washing out the leverage and shaky hands, it will help in the next wave of the rally. I believe that in this bull market, BTC will reach a new all-time high.

There is another positive piece of information for Bitcoin; today Microsoft will hold a meeting to discuss whether to purchase Bitcoin. If it passes, Bitcoin is likely to surge again, and altcoins will definitely benefit from this.

Looking at the big picture, major cryptocurrencies and popular altcoins might reach their peaks by January next year. For the short term, we are waiting for the results of the Microsoft meeting.

For those on the ride, just hold on tight; don’t ask where the altcoin bull is, we are already in a bull market.