Currently, the trend judgment for altcoins is quite poor, most are in a bearish state.

SOL is considered the leader in this bull market, with gains far exceeding BTC, let alone ETH.

Currently, the SOL/BTC exchange rate has broken down, and on-chain meme performance is very weak.

Additionally, looking at PEPE/DOGE/PNUT/ACT, these meme leaders all show bearish conditions.

Therefore, it is advisable to reduce positions in altcoins and not to open too large positions to ensure defensive measures.

At most, continue to hold some long-term Bitcoin spot.

Even if Bitcoin oscillates between 90,000 and 110,000, if it retraces to 90,000, altcoins are likely to crash by around -30%. What if it doesn't stop at 90,000?!

Currently, the weakest ones are BTC, TON, and SOL's meme coins that have already been listed on major exchanges, right?

So, I recommend not to FOMO.

Take a moment to calm down, observe the situation before making any decisions.

🤣

I mentioned the characteristics of this bull market before.

From March to September this year is indeed within the bull market cycle, but how have altcoins performed?

In a bull market, altcoins have not risen uniformly, making it difficult to grasp the rotation of sectors; when the market corrects significantly, altcoins will only suffer more and worse...

Just survive, at least still alive and not quickly eliminated by the market...

So, I choose to significantly reduce my altcoin positions...

Wishing everyone great profits!

🙂🙂🙂