#BTC Let me explain my understanding of the current market conditions.

1. Why is Bitcoin in a bull market while altcoins are in a bear market?

This is the unique characteristic of the 100,000 price BTC, because 100,000 is the expected value in everyone's heart, with strong resistance. The big cake between 90,000 and 110,000 belongs to the psychological area of 100,000 big cake. Approaching 100,000 is expected to pull back, so the big cake plummeted after exceeding 100,000.

2. When does the Copycat Season start?

The current rate cut will not continue, but with the blessing of the old vodka, the altcoin season will either crash to 70,000 or pull above 110,000, breaking through the psychological resistance of 100,000, and the altcoins will have no worries, not afraid of the pullback of the main coin, and start the altcoin season.

The price of 3 big pancakes this month

This depends on Old Te. If any good news about the coin circle is announced on the 20th, it will break through 110,000 and there is a high probability of sideways movement waiting for the altcoin to catch up. If there is no mention of the coin circle or if there are difficulties in execution, then it is bearish. This cannot be determined.

Overall, both the sharp drop and rise of Bitcoin are beneficial to altcoins. We will wait and see in January.