Let me share my understanding of the current market.
1. Why is Bitcoin in a bull market while altcoins are in a bear market?
This is a characteristic unique to Bitcoin at the 100,000 price point, as 100k is a psychological expectation for everyone, creating strong resistance. Bitcoin's price is in a psychological zone between 90k and 110k, and as it approaches 100k, there is an expectation of a pullback, which is why altcoins see a sharp decline after Bitcoin surpasses 100,000.
2. When will the altcoin season begin?
Currently, the interest rate cuts will not last, but with support from the old special, the altcoin season will either begin if Bitcoin falls to 70k or if it surges above 110k, breaking away from the psychological resistance at 100k. Only then will altcoins be fearless and not worry about Bitcoin's pullback, thus kicking off the altcoin season.
3. What is the market trend for Bitcoin this month?
This depends on the old special. If on the 20th, any positive news about the crypto market is announced, it would break upwards above 110k, and there's a high probability it will then consolidate while altcoins catch up. If there’s no mention of the crypto market or if there are difficulties in implementation, it would be negative news. This is hard to predict.
Overall, both sharp declines and surges in Bitcoin are beneficial for altcoins; let’s wait and see in January.