BTC has been fluctuating for half a year now. There’s strong support during the downturn, but it's tough to move upwards, at least it can still stay within a range. Looking at those altcoins like ENA and ETHFI, which have a fundamental base, they keep breaking below their lows, while those seasoned coins that have gone through several bull markets have also fallen back to the prices where this bull market just started. Even ETH has dropped back to its price at the beginning of the year. This makes one wonder if there’s still hope for altcoins?

Personally, I still see opportunities in altcoins, but we can't analyze them from a technical perspective anymore. Right now, technical analysis can’t determine whether they will rise; we need to consider trends and human nature. Since the last bear market, altcoins haven’t gone crazy.

Those market makers are out to make a profit. Take the meme coin trend that many people have been discussing lately; those coins might only pump for a few minutes before going to zero, but at least they had a rise, right? It’s all about finding someone to take over at a high price. However, so many altcoins overall haven’t broken any highs.

When we get into each specific coin, not all of them have the chance for another rise. Especially those coins that are just riding the hype; once the hype fades, the project teams have made enough money and run away, plus they get delisted from exchanges, their liquidity decreases, making the chance of them coming back smaller.

However, because of this, when these coins drop to the point where they can’t drop anymore, some will experience a “dead cat bounce”, but that’s a rare occurrence. It can be seen as playing with those low-cap coins on-chain, where the chances of success are slightly higher than playing with them now. #年底牛还熊？ #战火将如何牵动加密市场？ #ETHBTC汇率新低 #美国大选前行情观察 #币安上线SCR现货