When will the altcoin season come?
I know friends are anxious, but please don't rush. Through the main uptrend bull market since 2021, the altcoin season still requires ETH to keep performing well. Each major washout in a bull market is a great opportunity to collect chips! After a drop in Bitcoin, during the consolidation phase, the MEME sector $ACT 0.33, $PNUT 0.73, $NEIRO 00.1 is always the first to react. I'm getting in first to see if I can catch a rebound!
As for the projects that friends are concerned about chasing highs before, is there still a chance? If you want to get back in, it might have to wait until Q1 next year. In the future, really avoid chasing highs; even if you do chase, once you see the trend nearing its end, hurry up and exit, at least you won't suffer too much drawdown.
The recent strategy is:
After the market drops, act as a corpse picker. I didn't see too many large liquidation orders yesterday, hoping for a new round of declines, bottom fishing and then selling during the rebound process to earn some comfortable money. Based on experience, a significant premium on USDT is usually a good opportunity.
Generally, if there aren’t any particularly negative news, when Bitcoin drops 20% in a day, it usually returns about 10% the next day; mainstream coins that drop 30% in a day typically bounce back 10-20% the next day. Just a bit of experiential advice.
