When did the surge in the altcoins occur?

Every bull market needs to go through the following stages:

The first stage: the bear market bottoming out - repeated tossing, painful and desperate.

The second stage: rapid pull-up - out of the cost zone, no chance to pick up low-level chips.

The third stage: repeated wash-out - wash out the undetermined people, and at the same time move up the chip cost.

The fourth stage: pull up and ship - Ethereum pulls up, and altcoins are flying all over the sky.

The fifth stage: will pull down - after the pullback, the negative decline, the bear market is coming.

Therefore, for altcoins, from the first stage to the third stage, they are often not taken seriously, and there are too many coins that have returned to zero. Only after the third stage, when large-cap coins such as Ethereum can no longer rise, will the situation of altcoins flying all over the sky appear.

In comparison, Bitcoin is much stronger than Ethereum. Last year, Bitcoin rose from around 25,000 to 73,000, an increase of 292%, while Ethereum rose from 1,800 to 4,000, an increase of 220%. From the chart, Bitcoin has crossed the 20-week line, while Ethereum is still below the 20-week line.

Therefore, only when Bitcoin rises high enough and Ethereum rises, will the copycat season come.

The fact that copycats are flying everywhere is that funds can't find low-priced targets, and large-cap coins such as Bitcoin can't pull up, and funds overflow. The same is true in the stock market. Only when large-cap stocks such as banks, insurance companies, and securities companies rise enough will junk stocks rise.

Therefore, we can also judge from the current market value and trend of Bitcoin that it is now in the third stage. Only by washing out the low-level chips can there be hope for a rise. The car is too heavy to pull. After a six-month wash from March to September, and the recent interest rate cuts, Bitcoin has shown a strong offensive trend. From the indicators, it has crossed the 20-week moving average, and MACD will show signs of a golden cross.

The fourth stage is coming soon!

Hold on to the chips in your hands and wait for the bull market to come.

Recently, I have also paid attention to a meme coin in the primary market-Marvin (tail number 7055), which belongs to the Musk concept and is named after Musk dog. Now the community is active and the market value is low, and it is expected to impact a hundred times. #HMSTR开盘 #美国二季度核心PCE符合预期 #美联储11月降息预期升温 #美国8月核心PCE创4月以来新高 #你有多少HMSTR？