Christmas Eve might have surprised many friends, as the price of BTC rebounded by over $6,000 within 24 hours from its low to high, almost breaking through $100,000 again. Even altcoins have shown a decent upward trend, but whether this confirms the arrival of the altcoin season is something I estimate will have to wait until I wake up. At least, it has become very clear by now that as the BTC price retraces, altcoins are also experiencing a pullback from their highs.

The opening of the altcoin season inevitably requires a joint effort of sentiment and overflow funds. To put it simply, BTC's price may rise slowly, but at least it shows an upward trend, and ETH must maintain a rising state. The former brings sentiment, while the latter brings funds. If both BTC and ETH are retracing, I find it hard to imagine that we have truly entered the altcoin season; at least it shouldn't be the peak of the altcoin season.

If we are to say that we are at the early stage of the altcoin season, then this initial stage may not be as many friends imagine, with over 30% gains every day. It should still be in a phase of oscillation and slow upward movement. There is indeed a possibility that after daytime comes, Asian investors see BTC's price return to above $97,000, triggering another FOMO mode, leading BTC, ETH, and altcoins to rise together, but when the U.S. resumes work, it is highly likely that it will be pushed back to its original state.

However, I firmly believe that the altcoin season will definitely start; it is just a matter of time. So even now, my positions in altcoins have not been reduced at all, and in fact, I have slightly increased them in the past two days. #比特币市场波动观察 #币安LaunchpoolBIO #BinanceLabs投资Usual #加密市场反弹 #灰度提交Horizen信托文件 m