Suggestions for Altcoins on August 20:
The current downward trend of altcoins has noticeably weakened compared to the first half of the year, not because the downside space is limited, but due to the reduced selling pressure in the altcoin market itself. The mainstream coins have significant increases and large pullbacks, with a lot of selling pressure. Unless the mainstream coins collapse, it is unlikely to trigger another major drop in altcoins; otherwise, the downside potential for altcoins is limited. In the near future, I believe there is a high probability of a major market movement for altcoins, possibly driven by the Federal Reserve cutting interest rates, which would enhance market liquidity; or it could be that profits are taken from mainstream assets, with some assets shifting to altcoins, leading to a wave of rotational increases in altcoins. For now, what we can do is wait for this round of mainstream adjustments to end and for a new bottoming signal to appear, which will be our signal to re-enter the market!
