After the Fed cut interest rates, the market showed a trend that was completely different from most expectations. Many people had expected that the rate cut would trigger a sharp drop in the market, but the opposite was true. Not only did the market not fall sharply, but it ushered in a strong upward trend. This wave of rise attracted a large number of bulls to enter the market, but as the market steadily rose, those bulls who insisted on high positions also experienced a baptism of "cutting their losses". At this stage, the market began to stagnate, and concerns about a correction gradually emerged, especially when the market failed to continue to break through, this sentiment became more obvious.

The tragic market decline in the past has made investors deeply aware of the volatility and risk of the market. Therefore, when the market rises slightly, they often have the illusion of "imminent correction". This psychological state has led many investors to choose to sell their chips at the current stage, especially when the market enters a small range of sideways fluctuations. Fear and uncertainty have caused many people to choose to leave the market, further exacerbating market volatility.

However, my view is that the market is more in the process of "running-in" at this stage, that is, sideways trading instead of falling, accumulating strength for the next round of rise. Rather than simply predicting or relying on market sentiment, we should pay more attention to the actual market performance. Taking Bitcoin and Ethereum as examples, they are currently fluctuating in a small range, especially Ethereum, which has shown stronger resilience, with prices firmly above $2,500, and no signs of falling. This shows that the market's support still exists and is expected to continue to break upward in the future.

Looking ahead, the overall market trend can be summarized in four words: "slow rise and sharp fall". Specifically, the price rises steadily for a few days, then suddenly falls sharply one day, then quickly recovers, and continues to rise steadily for a few days, and so on. This oscillating upward pattern not only tests the psychological quality of investors, but also brings more opportunities to the market. As the oscillation range continues to rise, when you come to your senses, you may be surprised that the price has climbed to a new height.

Combined with the bottoming trend of altcoins in the previous period, I firmly believe that the main funds have completed large-scale position building. The current sideways fluctuation stage is the key period for the main forces to quietly accumulate strength. As the end of the year approaches, the market is expected to usher in a strong wave of altcoins. The bulls will surely use the support of the main forces to regain the previously lost market share and achieve a comprehensive rebound and rise.