The current market is in an extremely tricky predicament. BTC (Bitcoin) exhibits a very strong 'vampire effect', and the exchange rate between Ethereum and Bitcoin shows no signs of hitting bottom, remaining in a slow downward trend.

The most critical question at this moment is: once Bitcoin enters a downward phase after rising, how will altcoins react?

Will they follow the downward trend step by step? Or will they stubbornly cling to hopes of a rebound and hold their ground?

During this year's repeated fluctuations around the 70,000 price level, those investors who were eagerly anticipating a rebound in altcoins have already suffered heavy losses, and some have even reluctantly chosen to switch careers to jobs like food delivery to make ends meet.

Now that the price of Bitcoin has climbed to 96,000, it is truly unpredictable for those who are still obsessed with betting on a rebound in altcoins whether they will be able to lead a luxurious and affluent life filled with indulgence by the New Year, or whether they will fall into a state of extreme difficulty, even being forced to seek alternative paths and engage in laborious jobs with meager income.

It must be admitted that, based on the current market situation, it seems that only Bitcoin is in a bull market, while the market performance of other cryptocurrencies is unsatisfactory, creating a stark contrast with Bitcoin's strong trend.

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