Everyone is discussing that the altcoin season is coming, but I think this matter still needs to wait. The main players have just finished washing the plates, trapping retail investors and then starting to pump to release the positions, isn't this just self-inflicted?

For the altcoin season to truly arrive, two conditions must be met:

The main players must hold a large amount of chips.

The big coin must regain its upward momentum.

Neither of these can be accomplished overnight; they must accumulate slowly.

From the weekly chart, we can see that in the last couple of months, the weekly level was just shy of seven consecutive up weeks,

now, with the big coin's weekly close showing a solid bearish candle, we only have two consecutive down weeks, and today is just Tuesday.

So, the old vine is not very optimistic and feels that the market will still trend downward.

However, this does not mean that altcoins won't rebound; many altcoins are approaching this historical bottom position.

Although there is no definitive bottom for altcoins, relatively speaking, there is not much space below anymore.

Currently, the rebound in altcoins is just reserving space for a possible upcoming correction.

Otherwise, if the big coin continues to drop, many altcoins will break new lows.

Today, the big coin has broken below 94,000 again, but most altcoins have shown signs of rebound.

Today's greed index is at 55, indicating that the market is still relatively confident in the short term.

As for the ups and downs, no one can complete it in an instant; the main players have just two words: panic and time.

But rest assured, I’m still optimistic about next year’s market; be patient, the opportunity is right ahead!