Many altcoins have already returned to their July lows (from the day when $BTC dropped to 54 thousand), despite BTC currently being around 64 thousand.
Others barely managed to rebound during the subsequent recovery and completely lost their gains as soon as BTC showed the first signs of weakness.
The breakthrough of $BTC historical highs should temporarily mask the cracks, as this is likely to lead to renewed interest from retail traders.
However, if you really want to ensure your success in this cycle, I would be very selective in choosing assets.
- Hold only quality assets. By quality, I mean coins with strong teams, communities, and, importantly, a strong history.
- Focus on coins with low dilution (or at least without significant unlocks in the coming months).
- Consider every rotation as an opportunity to profit, and most importantly, take profit. This will likely be a cycle of sporadic sector efficiency gains, not a "pump everything at once" meta, as seen in previous cycles. For this reason, when there is a strong rotation, use it to your advantage to gain short-term profit and increase your holdings in stablecoins.
This cycle cannot be called easy (at least compared to 2017 and 2021). Opportunities certainly exist, but due to the experience of many participants and the lack of newcomers, it requires a higher degree of skill.
Keep learning, honing your craft, adapting, and most importantly, don't give up. The reward will be huge for those who persist.