Bitcoin is breaking new highs repeatedly, while altcoins seem to be preparing for a downturn!
I estimate that many crypto enthusiasts are feeling frustrated: when Bitcoin was over 40,000, the altcoins in hand were at this price level, and now Bitcoin is about to reach 110,000, yet the altcoins are still at this price level!
In fact, regardless of how this time Bitcoin's attempt to hit 120,000 turns out, it is time for the altcoin season:
1. Last night, ETH finally broke through the high created during the small bull market in March this year, as a barometer for altcoins, the wind has picked up;
2. The altcoin season index actually rose to 86 at the beginning of December, but due to a wave of sharp declines for a washout, Bitcoin has now broken through first; currently, the altcoin season index is at 65, just a thin layer of paper away from 75;
3. Historically, the 7/8 months after the halving is when the altcoin season truly erupts;
4. Now the market is calm, the overall environment is stable, the Federal Reserve will lower interest rates on the 19th, and on January 20th, Comrade Guo will take the throne, the market makers must take advantage of this to push up a wave.
I have previously mentioned the idea of bottom fishing multiple times, and I have also said that the time window for getting on board is closing increasingly; every time I publish an article, whether I talk about bottom fishing, corrections, or which coins to buy, I will explain the underlying logic, hoping that the crypto enthusiasts reading will gain something, and of course, it would be even better if it can be transformed into their own understanding!
To learn more, check out the new article: 比特币冲击12万,疯牛要来了吗?如何抓住疯牛?