Altcoin Season Warning: September is not a Bull Market, it's a Crash Season! Cash is King!
Now almost everyone thinks September is an altcoin bull market, but I happen to have an opinion that is opposite to 99.99% of people.
First, let's see if the Bitcoin bottom at 98,200 of 6.22 can hold? It likely won't hold. The best-case scenario is breaking the 6.22 low and then dropping another 30%+, that would be the true altcoin bottom.
Since July 22, I have been signaling the top, and once a top drops, it takes months to slowly build a bottom. According to my judgment, the altcoin iron bottom might not be seen until late November or December, and those shouting for a September altcoin bull market outside might end up with a harsh reality check.
Buying now? You could at least lose 50%, even double, with funds down by half! So cash is king!
If the altcoin top that dropped in March doesn't drop by 95%+, it is impossible to hit bottom; in extreme cases, it could be 97%-99%! The most terrifying part of a bear market is that the consensus among retail investors goes the opposite way — what everyone thinks will rise, is more likely to fall; what everyone thinks will fall, is more likely to rise!
Best strategy: Utilize the short-term speculative highs before interest rate cuts to reduce or clear positions. Don’t be fooled by the so-called 'bull market consensus,' the market is always more brutal than you imagine.
💥 In summary: Hold cash, wait for the bottom to reveal the truth; chasing highs will only leave you with losses!
Finally, I wish every person who likes, saves, and follows this article can reap great rewards in this bull market!
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