This entire market cycle can be divided into three phases:
The first phase is from the end of 2022 to October 2023.
The first phase: The market behavior in this phase still follows the original patterns of the crypto world, which is very conventional and familiar to us;
The market differentiation begins in the second phase, from October 2023 to October 2024: In the later part of this phase, Bitcoin and altcoins exhibit divergent trends;
Bitcoin shows a slow bull market trend, stabilizing instead of declining, which is very strong; while altcoins enter a deep bear phase during Bitcoin's long bull cycle;
Now we are in the third phase, starting from October 2024: Bitcoin continues its own bull market; however, I believe we have now entered the initial stage of an altcoin bull market. The first segment is not that intense, with only a few strong moves, a pullback, and then a major wave for altcoins.
My strategy: Use the profits (pullbacks) from Bitcoin to give opportunities to altcoins, waiting for the main altcoins to rise!
Currently, the market is still about holding onto coins. The decline is limited, while the rise is unlimited; the days of holding onto coins can be quite painful, which is why there is a saying that holding coins is like being widowed, but only by holding on can one see the bright moon after the clouds!
The market makers will wait until most people have exited before pulling up the price; it depends on whether you are a participant in the race or the final victor!
