After the adjustment, Bitcoin continues to reach new highs. More importantly, ETH has recently maintained a trading volume that consistently exceeds Bitcoin. So, the question everyone is most concerned about arises: Is there still a altcoin season?

1. From a personal perspective, the kind of altcoin season seen in the last bull market, where thousands of coins soared, is unlikely to happen again. The fundamental reason for an altcoin season is sufficient liquidity. In this market cycle, so many new coins have been introduced that the overall market cap has expanded to a point where the current liquidity is insufficient to support rapid expansion of the entire crypto market.

2. However, the trend of ETH will still drive the overall rise of altcoins, but the space and sustainability for most coins are very limited, which will lead to a situation where they cannot rise much and will quickly retrace.

3. Therefore, at this stage, selecting coins becomes a crucial step. It is personally recommended to focus on the gainers list, especially those that show a collective rebound on the daily charts, with strong coins that have weak pullbacks being the main focus.

For example, the $santos coin selected the day before yesterday has many fan coins appearing on the gainers list. It is a coin that has just pulled up from the bottom on the daily chart, and its pullback is very weak. Participating in such coins, even if there is a pullback, will likely experience another wave of increases.