Altcoin season is definitely coming, and it's not far away!
The arrival of altcoin season does not mean that BTC has peaked; on the contrary, BTC often still has more than 50% upside, but this time, altcoins are rising even more fiercely!
So, don't rush; the big market moves in two phases. The first phase is already over, and the second phase is about to begin, and it is during this second phase that altcoins go absolutely crazy. This is what we call altcoin season!
I firmly believe that altcoin season will definitely start; it's just a matter of time. So up until now, I haven't reduced my positions in altcoins at all, and in fact, I've even slightly increased them in the last couple of days.
During these days around Christmas, how will the market perform?
Speaking of Bitcoin, I think it might fluctuate between $94,000 and $100,000. Although the market sentiment is still a bit tense, the panic has already eased quite a bit. If we want to break the current deadlock, it will take substantial trading volume!
Although Bitcoin hasn't smoothly broken through $110,000 this time, the overall direction has been established. This round of Bitcoin has indeed been oversold along with altcoins, and right now it's the Christmas season for the main players in Europe and America, so there isn't much action from big funds today. While it won't surge significantly, it also won't plummet, allowing various altcoin forces to pull up the market at a relatively low cost without too many black swan risks.
Looking at the big brother of altcoins, Ethereum (ETH), it's also impressive, leading a group of younger brothers into battle, and the whole market seems to be warming up. I think it will hover between $3,200 and $3,700, showing even more stability than Bitcoin. I heard that institutional ETFs made significant purchases last night, indicating that institutional giants are still optimistic about the future of Ethereum!
