Is Bitcoin at the bottom? Can Ethereum bounce back this time? Is there still a season for altcoins ahead?

This is a question that many friends have been asking me recently. Today, I took a break from my busy schedule to share my thoughts on this, as well as the upcoming trends in the overall market and genuine opportunities for bottom-fishing. As always, trading markets have no right or wrong, everyone has their own perspective, so don’t criticize if you disagree!

In the past few days, Bitcoin has been fluctuating wildly, ultimately remaining the same Bitcoin, while altcoins have long changed. For small-cap speculators, it has been quite a tough time. I too hold many altcoins, but I successfully sold at the top on September 29, entered the market early on October 11, and then gradually cleared my positions on the 19th/20th. Each time, I shared my moves in advance during our discussions👗, successfully avoiding several larger corrections, recouping the losses from April to September, and overall reducing my holding cost by 30-50%. Many people suffer huge losses because they cannot overcome human nature. They cannot accept unrealized losses turning into realized losses, fear of missing out on small rises, or are too afraid to bottom fish when prices drop, lacking patience. As long as they have capital, they feel restless unless they deploy it, rushing into traps, with no trading system or entry logic.

Without further ado, let me share my perspective. Firstly, it is clear that there has not yet been an adjustment to the appropriate level, and those looking to bottom fish should not rush. Below are the 4-hour chart for Bitcoin and the daily chart for Ethereum. Bitcoin is expected to test the range of 62500-63800 again, with a drop of about 6-7%. As for ETH, it is currently obviously undergoing Wyckoff accumulation, experiencing an oversold condition in a bull market. You can compare this with the previous bull market after 512, where the main force built their positions. An oversold rebound, low volume stagnation, reduced supply, and a large number of shorts closing their positions—only one final step remains for ultimate consolidation. So when the next rapid drop in Ethereum occurs, do not panic; you must bravely bottom fish. The price is expected to test the range of 2150-2250, with a drop of around 10-13%, while many altcoins will likely drop another 20-30%. That will be the real bottom.

Finally, let me recharge everyone’s faith: the bull market is definitely still here, and the altcoin season will surely come. Moreover, this round of tenfold coins will also sprout everywhere. The operators have been washing the market for so long; how can they sell without raising the prices? Personally, I believe that the more the market drops and the more panic there is, the more aggressively the rebound will be!