Talk about the current market situation.
This weekend, many altcoins started to rebound again; some altcoins began to rally in advance. Currently, the overall trend of altcoins is still not unified, but they are gradually completing bottom repairs. It is currently early January. In my personal opinion, there will be another fluctuation, and then from mid to late January to the end of January, a second wave of main upward momentum will begin. Some later altcoins may reach early February.
As for the extent of the bearish trend before the next upward wave, it will depend on the strength of each altcoin and the extent of the BTC fluctuation and correction. Weaker altcoins may experience a harsher drop back to previous lows, while stronger altcoins may only experience a relatively deep correction.
Currently, many altcoins are still in the bottom range. For spot trading, there has been sufficient time since December 20 for everyone to average down and buy the dip. Therefore, if a correction occurs again in the near future, it may be the last good entry opportunity.
