The altcoin season often occurs after the mainstream coins experience a pullback and then a rally. After all, they are altcoins, unlike mainstream coins that have significant backing from major capital like BlackRock. Many are supported by small consortiums, institutions, or even project teams. If these altcoins blindly pump without retail investors stepping in while mainstream coins haven't established a stable bull market, they often end up incurring losses themselves.
It's a simple truth: follow the trend of the big brother BTC. If they pump too much, they will be left with a share of the retail investors' profits.
On July 3rd, it was mentioned that the altcoin season is coming. The premise is whether you can select quality coins. Have you been misled by some bloggers into buying new or junk coins? That would be a loss!
If the Federal Reserve lowers interest rates, there will be another quick surge in BTC's price. If the rate cut is delayed, the market will likely maintain a high-level fluctuation until mid-August.
