Previously, we talked about Bitcoin and Ethereum; today, we will focus on altcoins.

To put it simply, our market has a pool of total market capitalization. The more you occupy, the less others will occupy, which means it only adds up to one hundred percent. Therefore, we can see that when Bitcoin's market capitalization percentage is on the rise, other cryptocurrencies are in a state of being half-alive. For easier understanding, we can think of it as Bitcoin's bloodsucking market (Figure 1 shows Bitcoin's bloodsucking during two bullish cycles). Typically, the process of a bull market is that Bitcoin surges first, followed by Ethereum, and after Ethereum's surge, altcoins will follow. The stronger one will have its market capitalization percentage rise. Since there are too many altcoins, we can group all altcoins together to form a single market capitalization percentage for easier observation. Currently, it is an Ethereum strong period, so we can see that Ethereum's market capitalization percentage is on the rise (Figure 2). However, as mentioned at the beginning, the market capitalization percentage only adds up to one hundred percent. The more you occupy, the less others will have. Thus, Bitcoin's market capitalization percentage is beginning to decline (Figure 3). For altcoins, the order in a bull market is: Bitcoin's market capitalization percentage rises (other cryptocurrencies' percentages decline) → Ethereum's market capitalization percentage rises (other coins' market capitalization percentages decline) → altcoins' market capitalization percentage rises (Bitcoin and Ethereum's market capitalization percentages decline). Therefore, what we need to observe now is when Ethereum's market capitalization percentage will reach its peak. From (Figure 4), we can see that in this bull market, Ethereum's market capitalization percentage has broken down, and personally, I believe this round of bull market for Ethereum belongs to a rebound after a breakdown, so there is a high probability that it will not break through the dense area above. Hence, I believe this round of Ethereum's market capitalization percentage will end around 15, and at most it will not exceed 18. Therefore, a significant upward trend for altcoins will occur when Ethereum's market capitalization percentage reaches 15-18, while the bear market will emerge when Bitcoin's market capitalization percentage falls to 40-45. This bull market cycle is very long and slow, requiring more patience.