The altcoin season is definitely coming, and it's not far away!
The arrival of altcoin season does not mean that BTC has peaked; on the contrary, BTC often still has more than a 50% increase, but during this time, altcoins tend to rise even more aggressively!
So, don't rush. The big market moves in two phases; the first phase has already passed, and the second phase is about to start, and that second phase is when altcoins go absolutely wild. This is what we call the altcoin season!
I firmly believe that the altcoin season will definitely kick off; it's just a matter of time. So up to now, I have not reduced my positions in altcoins at all; in fact, I've slightly increased them in the last couple of days.
What will the market trend be during the Christmas days?
Speaking of Bitcoin, I think it might fluctuate between $94,000 and $100,000. Although the market sentiment is still a bit tense, the panic has eased considerably. If we want to break the current deadlock, we need substantial trading volume to make it happen!
Although Bitcoin has not smoothly broken through $110,000 this time, the overall direction has been confirmed. Bitcoin, along with altcoins, has indeed been oversold, and now it is the Christmas season for major players in Europe and the US. Big funds are not making any moves today; while it may not rise sharply, it won't crash either, so various altcoin leaders can take this opportunity to pump the market at a relatively low cost, with minimal black swan risks.
Looking at the big brother of altcoins, Ethereum (ETH), it is also quite impressive, leading a group of smaller coins into battle, and the entire market seems to be warming up. I believe it will hover between $3,200 and $3,700, showing an even steadier trend than Bitcoin. I heard that institutions made significant purchases of ETFs last night, indicating that institutional bigwigs are still optimistic about Ethereum's future!
