Is the altcoin season really over?

Prepare for a major crash: The ETH/BTC exchange rate has dropped to 3.12, close to its historical low!

This indicates that the market is in a state of true panic, with some large holders moving significant amounts of Ethereum to exchanges, suggesting that a sell-off is imminent.

So, will we see a rebound from the bottom, or will the decline continue, even leading to a panic-induced crash?

We shall see: The support levels for BTC are $76,000 – $72,000 – $66,000;

For ETH, they are $1,500 – $1,300 – $1,100;

As long as altcoins don't go to zero, that's a good sign!

According to the CMC Altcoin Index, it has been below 30 for three consecutive months, with a lot of altcoins bleeding out, but our community still believes there will be some altcoin opportunities, though not a widespread altcoin rally but rather localized altcoin movements. This wave of altcoin bloodletting is just right to eliminate 90% of the junk coins; truly valuable coins will emerge. However, for the average person, making money is getting increasingly difficult. In the future, choosing the right coins will be more important than anything else; if you can't select coins, even a bull market won't matter to you.

Currently, the global financial environment is set to decline, and this little boat of the crypto world cannot go against the tide; we can't expect a small boat to withstand a financial tsunami!

Of course, our community has also mentioned that the overall trend and the logic of the fourth halving cycle are still in play, but when the golden pit actually drops, would you dare to buy the dip?

So, earn more cash flow by doing more work, prepare some extra bullets, and when opportunities arise, accumulate in batches!