At this stage, although some strong altcoins are beginning to emerge, it seems that there is still some distance from the moment of national carnival in 21 years. The reason behind this may be related to the "BTC leading stage" that we have just passed in this cycle. In the past period of time, the price of BTC has continued to rise, absorbing most of the liquidity in the market. Like a hegemon, it firmly controls the rhythm of the market. The altcoins are like challengers waiting for opportunities, ready to go, but can only wait silently under the shadow of BTC. History is always surprisingly similar. In the last cycle, BTC continued to outperform the market before the end of 2020, and it was not until the halving event in 2021 that altcoins finally became the focus of the market. If this pattern repeats itself, this cycle may usher in a real altcoin season in early 2025. This means that it may take some time to wait patiently before seeing the full outbreak of altcoins. The direction of the market does not only depend on the trend of BTC. The policy trends of the Federal Reserve also have a profound impact on the cryptocurrency market. The minutes of the Federal Reserve meeting released this week showed that more and more officials are beginning to support gradual interest rate cuts.
The market still has some concerns about the Fed's expectations of a rate cut at the December 19 meeting
At present, the probability of a rate cut has dropped to 61.3%, down from more than 80% a few weeks ago.
Despite some uncertainties, the Fed is still very likely to cut interest rates in December
Once the rate cut is implemented, the market may be able to start a new round of rising market
The previously laid out bonk, doge, and xrp have also doubled out
The next layout direction is still to target MEME's profit opportunities, especially those projects with great potential
There are already two optimistic ones. When the price drops to the right level, bring the fan group to ambush. It is quite easy to double it! ! !
Don't be a headless fly and bump around everywhere. I hope to earn several times the profit in the bull market. Follow my pace, eat big meat, and enjoy the bull market dividend together!
