The second coin is showing signs of improvement, but when will the altcoin season really arrive? Not long ago, the Chairman of the SEC, Gary Gensler, tweeted that he would resign on January 20, the day when the new administration takes office. Once this news broke, SOL, which is applying for an ETF, briefly broke its historical high, reaching $264, making it one of the few mainstream coins to break its historical high after Bitcoin. Why is that?

Because this person has been like a mountain pressing down on the crypto world, and now this mountain is finally about to move, which will greatly ease the regulatory aspect of the crypto world. Although Bitcoin continues to set new highs, it is evident that the rate of increase is slowing down, while Ethereum and Solana have quietly kept pace. So when will it be the altcoins' turn? Is there still an opportunity? The following content is relatively sensitive, so remember to like, follow, and save it.

Often, when Bitcoin stabilizes at a high position and the rate of increase slows down, it is an opportunity for Ethereum, Solana, and other mainstream coins because Bitcoin is primarily being pushed by institutions at this level, and at this point, countless shorts have been squeezed. A proper adjustment and pullback also provide an opportunity for retail investors to get in. Ethereum is starting to catch up at 8 PM on the 21st, and some quality projects in its ecosystem immediately followed suit an hour later, with a basic bottoming out of about 20% increase. Ripple and Dogecoin have also shown obvious signs of improvement. The current advice is still to wait for a pullback in Bitcoin before looking for entry opportunities in altcoins. Chasing highs at this point is definitely not advisable. When Bitcoin retraces, pay close attention to those strong coins; not just any altcoin can make a move. If you want to achieve results in this bull market, it's time to sharpen your vision, brothers.

Continuing with today’s daily $BTC market analysis, from the K-line perspective, the 1-hour level shows a downtrend, the 4-hour level is weakly consolidated, the 12-hour level is on the rise, and the daily level is on the rise, with an intraday resistance at $100,000 and a support at $97,000. Note: Today's Fear and Greed Index is 93.