From the current market capitalization ratio of Bitcoin, there may still be some room for a pullback below. Of course, this also means that altcoins have a certain opportunity for a rebound. After all, as Bitcoin's market capitalization ratio decreases, the market capitalization of altcoins will rise accordingly.

Secondly, various data and events for December have been released one after another, such as ADP (U.S. Automatic Data Processing Company employment data), non-farm (non-agricultural employment population data), CPI (Consumer Price Index), interest rate decisions, etc. In addition, the tech giant Microsoft, as previously mentioned, will also decide at the beginning of this month whether to use Bitcoin as the company's reserve asset. If approved, it will undoubtedly increase buying pressure, but at the same time, market volatility will also intensify. In any case, this round of the bull market is advancing step by step according to levels and stages, from Bitcoin to the second-largest ETH, then from the second to mainstream coins, and then to established sub-mainstream coins. Just like the Ripple XRP that was suggested for positioning around 1.3.

Currently, with a strong rebound of ETH, some altcoins have also seen a certain increase, so a slight adjustment is a normal phenomenon. The real bull market for altcoins is brewing, and appropriate pullbacks do not affect the major trend of the upcoming bull market; instead, they provide opportunities for us small retail investors.