Bitcoin hit a high of 99,600 USD on November 26, then fell over 8% on the 27th, briefly dropping to around 90,800 USD. Currently, Bitcoin has been oscillating below 100,000 USD for about ten days. Although it has rebounded to around 95,000 USD, the fluctuations are relatively severe.

At the beginning of each month, the cryptocurrency market almost always has a pullback rhythm. Bitcoin is currently testing the support level near 95K; if it holds, it may continue to challenge the six-figure mark; but if it breaks down, it may need to explore further to see if the 90K round number can hold.

Will December repeat the old routine? First a pullback and then a surge, or will it completely wash out the market? How will altcoins perform?

Although Bitcoin has been hindered by the 100,000 USD round number, funds have clearly flowed into the altcoin market. Data shows that Bitcoin's market share has dropped to 55.25%, while Ethereum has risen to 12.74%, with the ETH/BTC exchange rate stabilizing above 0.037, as smaller altcoin segments begin their performance.

And with Ethereum's strong rebound, some altcoins have already seen certain gains, so a slight adjustment is a normal phenomenon. A true bull market is brewing; appropriate pullbacks are actually opportunities for us small investors and will not affect the overall trend of the upcoming bull market.

In general, Bitcoin's current market capitalization ratio may still have some room to fall. Of course, this also means that altcoins may have opportunities for catch-up. As Bitcoin's market capitalization declines, the market capitalization of altcoins will correspondingly rise.

Secondly, various important data and events for December have gradually been announced, such as ADP, non-farm payrolls, CPI, interest rate decisions, etc. Additionally, whether Microsoft will treat Bitcoin as a reserve asset for the company, as mentioned earlier, is also crucial at the beginning of this month. If this goes through, it will undoubtedly increase the buying power in the market, but it will also increase market volatility. In any case, this bull market is progressing step by step in layers and stages, from Bitcoin to Ethereum, then to mainstream altcoins, and even to some established sub-mainstream coins, just as mentioned earlier around 1.3 with Ripple (XRP) gradually rotating.

It can be said that the altcoin bull market has officially started! Although Bitcoin is still in oscillation and adjustment, altcoins are no longer following Bitcoin's fluctuations; the altcoin season is unfolding. This month, many coins will take off; the focus is on those altcoins.

Which altcoins can continue to explode and double their prices?

With BTC and the meme segment adjusting, funds are rotating into Ethereum ecosystem tokens and obscure altcoins. However, some established altcoins, such as XRP, ADA, XLM, EOS, etc., have larger increases, with XRP even returning to the top three by market capitalization, reaching a total of 250 billion USD.

These tokens have a characteristic of having undergone long-term bottom consolidation, with no hotspots or concepts, and retail investors' holdings have dwindled, giving institutional investors a high level of control, so even if their market capitalization is large, the resistance to pumping is relatively low.

But will this prematurely end the altcoin season? BTC has risen, meme coins have risen, and Ethereum altcoins are also catching up; now even the old obscure coins are starting to surge, are we at the last stage of rotation?

Compared to before, this round of the cycle has added VC altcoins and meme coins, which to some extent has disrupted the original rotation order, but the market trend and cycle generally do not change. The rally of obscure old coins does indeed signify market risk to some extent; when the wind comes quickly, it may leave just as fast. Especially since this round of altcoin season lacks ecological narratives, the number of coins and overall market capitalization are much higher than in the previous cycle, relying purely on funds for pumping seems a bit hollow.

But when will the market end? It's hard to say; it requires obvious negative news or a general forced liquidation in contracts. Some old coins that have risen sharply in the short term can consider reducing positions and taking profits.

No matter what you are trading, focus on the top:

MEME track: focus on PEPE, DOGE, SHIB, PNUT, CHILLGUY, etc.;

DeFi track: pay attention to UNI, AAVE, LINK, CRV, ENS, etc.;

Public chain track: focus on SOL, SUI, ALGO, etc.

As Ethereum enters a slow oscillating rise, it is more suitable to seek those popular tracks that are relatively resilient to declines to buy in batches, in order to seek higher returns in the upcoming rapid rise of Ethereum!

It doesn't matter if you missed XLM/XRP/ADA, focus on the market, or you will miss more!