Stay steady, the altcoin craze has not yet subsided!

Recently, Bitcoin's market capitalization share of altcoins has risen to a new high of 61% in nearly six years and has reached the weekly resistance level of the past few years, currently correcting as expected.

As the altcoin market continues to grow, Bitcoin's market capitalization share is being diluted cyclically, which I believe is an inevitable trend in market development.

I personally firmly believe that Bitcoin's market capitalization share has reached its peak in this round of market.

From a macro perspective, as expectations for interest rate cuts in December strengthen, the greenhouse effect of capital in the crypto space will become increasingly significant.

Therefore, I believe December will be the real explosion period for altcoins. At that time, segments like 73703154144, RWA, and blockchain games are expected to welcome a whole new phase of explosion.

It's been a while since I shared this type of analysis chart, but I must say that in the current phase, holding onto your chips is the only way to achieve stable appreciation!

Summary of market points:

Bitcoin is showing a high round top pattern, and in the short term, attention should be paid to the resistance level around 95000. If it cannot recover, it may form a head and shoulders top, but the trend has not yet reversed.

The US Bitcoin ETF has seen capital outflow for two consecutive days, indicating that some major players are offloading, making it difficult to have a sustained market in the near term.

The adjustment in December is inevitable; on one hand, it is to digest the profits within the range of 66835-99588, facilitating subsequent rises; on the other hand, with the holidays approaching, the capital demand from institutions and retail investors will lead to capital outflow from the crypto space, triggering market corrections.

Currently, Ethereum (ETH) is showing resilience, maintaining stability during Bitcoin's correction. Once Bitcoin stabilizes and rebounds, Ethereum is expected to become the leader and will soon welcome the upgrade speculation in the first quarter of next year.

For ETH and SOL, it is recommended to wait for the December correction to gradually build up 3x long positions, adopting a certain收益 strategy. After the correction, it will continue to reach new highs, and altcoins are expected to take off in February-March.

In terms of altcoins, the Ethereum series and Binance Coin are strengthening, with a focus on high-quality leading projects such as $EIGEn, 85387256037, 24435257257, public chains FTM and SEi.

Whales have once again built a position of 345,000 UNI, worth 3.75 million dollars. From a technical perspective, the current trend is quite optimistic.

Please remain calm and seize the opportunity!