Will there be callbacks? Where is the bottom?

It's pretty much the bottom now. If you have funds, buy the dip; if you don’t, just hold tight and don’t panic sell, especially don’t cut your losses. Don't collapse before dawn.

The extreme limit is probably around 4050. Even if it drops a bit more, it’s not a big deal.

Let’s talk about the altcoin issue that everyone is concerned about, and rewind to June.

At that time, Ethereum rose from 2800 and then got smashed back down to 2200; Dogecoin fell directly from 0.26 to 0.14, nearly halving; other altcoins were even worse, with blood flowing like rivers.

This time, history is repeating itself, with Ethereum dropping from 4800 to 4100, but Dogecoin only fell from 0.26 to 0.21, showing much better resistance. Looking at other decent assets, Solana is still at 180, Uniswap is still at 10 dollars, Lido is at 1.3, and Chainlink is even at 25.

It's worth noting that during that wave of retracement in June, Chainlink was smashed down to 10 dollars, directly hitting the bottom.

So, this round of altcoin washout and bottoming process is basically complete. I shared some data a couple of days ago showing that large holders are smashing Ethereum to buy Chainlink, indicating that we are now in the final stage of the bull market, with funds from Ethereum flowing into quality altcoins, and it's about to be the altcoins' time to explode.

Speaking of Chainlink's 10 dollar bottom, let's also address the notion that “altcoins have no bottom when they drop,” which is actually incorrect. If you buy those worthless coins, then of course there's no bottom. But if you buy some reliable quality assets, they do have a definitive bottom; no matter how much they drop, they won't go below a certain point. For instance, Lido's bottom is 0.6, and Chainlink's bottom is 10, which is the lowest point during the major washout on April 7. No matter how much they retrace afterwards, these good coins won’t fall below this level again.

Of course, if you choose to argue with me about garbage like OP, that’s not my concern; if you're looking for recommendations for those worthless coins, go find someone else. My bullish view on altcoins is only for the quality coins I recognize.

So why do I dare say these coins can at least double? Because they have already risen more than double from the bottom; no matter how much they retrace, they cannot return to the extreme low point of April 7.

Unless a truly world-class black swan event occurs, which is unavoidable, then I would have to concede. But historically, black swan events almost always occur after interest rate hikes, which is very unlikely. Therefore, I can confidently say: there will not be an explosion, and other coins will also rise.