Is there a altcoin season? First, we need to clearly define what an altcoin season is. In my understanding, an altcoin season is when, like in 2017 and 2021, people randomly buy, and junk coins that have not increased in value for years suddenly rise by 10 times, 100 times, or even 1000 times. That is an altcoin season. When Bitcoin corrects sharply, altcoins rebound even stronger than Bitcoin; that is my understanding of an altcoin season.

Bitcoin has come this far, breaking 69,000 to 73,777, and breaking 100,000. 99% of altcoins have not reached their previous highs, let alone the peak prices from the last bull market. Where is the altcoin season?

Now let's talk about a technical aspect that is relatively easy to understand and very intuitive, a technical indicator that all coin enthusiasts can judge themselves: MA60 and MA120. Here are three charts comparing BTC, strong altcoins, and weak altcoins. The slopes of the 60 and 120 lines are obviously different. To assess the strength of the slope, look at the angle of the arrows I drew; Huashan is 45-90 degrees, while flatland is 0 degrees. It's like driving: the steeper the road, the greater the slope, and conversely!

You can compare these two indicators yourself and see the slope of the coins you hold. The larger the slope, the steeper it is, indicating it's better; the flatter it is, the worse it is. Most altcoins basically follow a trend like WLD, which indicates there is no altcoin season. If most coins follow trends like SUI and BTC, it indicates there is still an altcoin season. A few coins taking off doesn't constitute an altcoin season; it is only an altcoin season when everyone is flying together!