Some say: The outbreak of copycat coins is the last madness, and a sharp decline is not far away!
My personal view is: This is not yet a true outbreak of copycat coins.
Although some copycat coins have risen well recently, it has not yet reached the grand occasion of ten thousand coins soaring; there’s no need to start worrying now.
The Federal Reserve's interest rate cuts have just begun, and the real flow of funds has not fully permeated the crypto space, plus the top two have not shown strong increases, and the secondary mainstream is also lukewarm.
Therefore, there’s no need to overly predict the later market trends, and one shouldn’t be too excited, after all, the currently rising coins are mostly some new altcoins, and the mainstream copycat coins held by retail investors haven’t risen much yet.
This short-term rebound only indicates that market sentiment is gradually transforming from the pessimism of August to a wait-and-see state.
The true state of madness is still some distance away; at least after experiencing the baptism of the sharp decline from April to August, the market will not recover that quickly, and everyone’s confidence is still in a frustrated state.
However, the recent rotation and rise of sectors have already shown initial effects.
The most obvious point is: Communities are becoming active, and everyone is starting to pay attention to whether the market is about to rise!
Which sector will explode next! Are there any coins worth positioning!
What seems to be a subtle shift actually represents a change in the hearts of part of the market; as long as this group obtains results, it will greatly increase the audience and a new trend will evolve.
Of course, whether bullish or bearish is of no concern, because the market inherently has no absolutes; large-scale rises will have small-scale pullbacks.
The most crucial thing is to look at where your own goals are? Can you firmly execute the strategy you’ve set? If you can’t achieve these two points, you’ll only be watching others make money, because wealth does not follow a fickle person.
There’s actually nothing much to analyze about the market; once you buy, just let it go, and the rest is about overcoming psychological issues.
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