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Crypto market experiences increased volatility, heading towards the end of October, where is everyone's anticipated AltCoin season?
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From the current market perspective, the crypto market in 2024 is not as exciting as in 2021, there is no specific altcoin zone that stands out, it only briefly rises and then disappears, and the hot spots in the market are quite messy. Yesterday, Bitcoin experienced a very sharp increase approaching the previous highest level, many people said it was a Bull Market for the crypto market yesterday. However, the extraordinary increase in BTC yesterday cannot be said to be a Bull Market. This is similar to the early BTCHalving and the approval of BTC spot ETF, which exceeded the all-time high in 2021, reaching a new record high of $73787.1. This is a crazy Bull Market that is only played by BTC. If a market does not have a big move for altcoins, then it cannot be called a Bull Market.
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Currently, the altcoin market situation is, new coins are entering the Primary Coupon Clip Market massively, the Secondary Market is full of people pretending to be fools, and there is also a frequent wave of unlocks, increasing the circulating supply in the market sharply, and the constant threat of delisting, which also makes the chips Tied Up in your hands can drop to zero at any time, actually accelerating the delisting of trash coins is not a bad thing, so the difficult issue in operating alts is this, it has nothing to do with cycles, moving averages, Candlestick theories that you understand, once delisted and dropped to zero, what else can you say about cycles, moving averages, Candlestick theories? So, operating alts still needs to be careful.
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Currently, the biggest missing factor in the crypto altcoin season is the lack of trigger factors! We really miss the previous AI season, the meme season led by Pepe, the SOL ecosystem season, the NFT crypto season, the RWA season, the Hong Kong season, the public blockchain season, and others... But now it seems like there's nothing, just a few opportunities that arise due to the expectation of Trump being elected as President! Every time there's a big hype on altcoins, it provides money multiplication opportunities for everyone! Just like the current stock market, every day there are at least 3-5 sustainable zones being hyped, dozens of strong stocks that keep rising, giving confidence to the market! And right now, that's what's missing in the crypto altcoin! Looking forward to the next hype!
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Next, the market needs to pay attention, if BTC continues to lead, market focus will shift to AltCoin. Remember, besides BTC, the others are altcoins. Pay close attention to the VC (Venture Capital) coin counterattack, its intensity may exceed expectations. Watch whether the market will come up with a new storyline, whether it's an extension of the ETH story or the meme culture of SOL, both of which can be new opportunities. After profiting from the AltCoin Main Rising Wave, exchanging it back to BTC remains an effective strategy, which can lock in profits and remain responsive to the market. Follow Yi Bo Shuo Coin, get more market analysis and operational advice, seize investment opportunities, and control market dynamics!