Everyone is discussing the upcoming altcoin season, but I think we need to wait a bit longer. The main players have just completed a round of market manipulation, trapping retail investors, and now they're starting to lift the market to release those trapped. It's like reaping what you sow.

For the true altcoin season to arrive, two conditions must be met:

The main players need to hold a large number of tokens.

Bitcoin (BTC) needs to regain its upward momentum.

These two conditions cannot be achieved overnight; they require time to accumulate. Looking at the weekly chart, Bitcoin has hardly shown any continuous upward momentum in the past month or two. Although there have been two consecutive bearish candles, we are not yet at a point of complete decline. Therefore, I am not very optimistic about the upcoming market; it may still face downward pressure.

However, this does not mean that altcoins have no opportunities. Many altcoins are now approaching historical bottoms. Although there is no clear bottom definition for altcoins, the current situation indicates that there is not much room for further decline. The current rebound in altcoins is more about reserving space for a potential pullback. If Bitcoin continues to fall, many altcoins may hit new lows.

Today, Bitcoin has again fallen below $94,000, but most altcoins have shown signs of a rebound, and the market seems to have some short-term confidence. The greed index is at 55, indicating optimistic market sentiment.

Price fluctuations are not instantaneous; the main players' tactics are quite simple: panic and time. But from a long-term perspective, I still have a positive outlook for next year's market. Be patient; opportunities lie ahead!

Brothers, stay tuned; we are going live soon to analyze the market trends.