Simple logic to analyze the current market:

Bitcoin monthly trend: The current bull market of Bitcoin is very obvious. It is currently trading sideways near the new high, washing out profit-taking, laying the foundation for the next wave of rise. This phenomenon also occurred in the 2017 bull market and before the second wave of the main rising wave in 2020. Bitcoin consolidated around $10,000 for 6 months. It will be adjusted back to around $60,000 at most, but it may not reach this level.

Delayed outbreak of altcoins: Bitcoin's siphon effect still exists, and the hot outbreak of altcoins is still ongoing, but it is delayed in time. With the changes in the market cycle, especially in the current situation where there are many currencies in the market, the main force is waiting for opportunities by washing out. The indicators of altcoins are currently at the bottom, pointing to the eve of the outbreak.

Correct your mentality: Many people now doubt whether the bull market will end, because market fluctuations make people feel tormented. In fact, the more pessimistic voices there are, the more thorough and healthy the main force's washing out is.

Future positive support: The second half of the bull market is bound to come. Positive factors supporting this view include:

The launch of Ethereum ETF, positive development in Prague, interest rate cut expectations and actual interest rate cut measures, policy benefits for obtaining votes from crypto users during the US election, and the Basel Committee on Banking Supervision allowing banks to have 2% crypto reserve exposure

It is currently the typical "up for a while, sideways for a while" stage of the bull market. Especially for altcoins, in the bull market, they often take three steps forward and three steps back, and then run six steps. The outbreak time is very short, usually in the last 1 to 2 months of the bull market, and then the market ends completely.