It is really difficult to judge the current trend of altcoins; most are in a bearish state.

Currently, SOL is the leader of this bull market, with a larger increase than BTC, and even much stronger than Ethereum. However, the SOL/BTC exchange rate has now fallen below support, and the performance of meme coins on the chain is also very poor.

Looking at the leaders of meme coins like PEPE, DOGE, PNUT, and ACT, they are basically all in a bearish state. My suggestion is that if you have positions in altcoins, it's best to reduce your holdings and not add too much; be prepared defensively.

Currently, you can continue to hold some BTC spot, although BTC may fluctuate between 90,000 and 110,000. However, if it pulls back to 90,000, altcoins might crash again, with declines possibly reaching 30%. If BTC's pullback is more than just that, the risk for altcoins will be even greater.

Right now, the weakest in the market may be the meme coins under the BTC, TON, and SOL ecosystems? So, stop FOMOing, calm down, and observe the situation before making any decisions.

I previously mentioned that a characteristic of this bull market is that the period from March to September this year is part of the bull market cycle, but looking at the performance of altcoins, many have not risen broadly, making it impossible to grasp the rotation of sectors. Therefore, when the market experiences a major pullback, the performance of altcoins will only worsen.

Overall, we still need to survive; don’t be eliminated by the market too quickly... So, I am now choosing to significantly reduce my positions in altcoins.

I wish everyone can make a lot of money!