Based on previous judgments, I still believe that this round of the bull market will not see a similar extreme frenzy of altcoins as in late 2021. The current market resembles more of a catch-up rally from the fourth quarter of last year, and using 'catch-up' to describe it may be more appropriate. This judgment is based on the following assumptions:

1. In the first quarter of next year, Bitcoin will welcome the last wave of a main upward trend, and may reach a temporary peak in March or April.

2. It is still uncertain whether a double top will form in the second half of the year. If a double top occurs, altcoins may have new opportunities; if there is no double top, then the altcoin market may come to an end.

Therefore, everything boils down to one word: time! Time will determine the rhythm and trend of the market.