Recently, this market is indeed exhausting, but if you look closely, there are clues to follow.
First, let's look at the recent data: Bitcoin is currently oscillating around $104,000, but Ethereum suddenly surged violently from over $2,500 to over $2,700, and other mainstream coins like XRP and SOL also rebounded by 50%. What does this indicate? Market funds are beginning to shift from a one-sided push into BTC to tentatively bottom-fishing mainstream coins.
From the perspective of cyclical patterns, we are likely in the later stage of the fourth phase where 'BTC repeatedly reaches new highs, while other coins are halved and then halved again.' Based on historical experience, it is usually 12-18 months after each halving that we see the explosion of altcoin season, and with the 2024 halving just a year ago, the timing aligns perfectly with June and July. If ETH suddenly takes off at this time, it could be a signal for a market style switch, similar to how ETH led the altcoin season in 2017.
Although ETH's price has not yet returned to its historical peak, don't forget it just completed the Shapella upgrade, with staking volume accounting for 35% of the circulating supply, and institutions are still continuously increasing their positions. If this rebound can hold steady, the spring for altcoins may truly be on the way.
However, we must be cautious; currently, over $1 billion in contracts have been liquidated in a single day across the network. Playing with mainstream coins is like eating Chongqing hot pot—you must be able to endure the spice and withstand the dipping.
My suggestion is simple: hold onto BTC as ballast, and allocate 30% to position in ETH, SOL, and other mainstream coins that have fallen out of value.
Remember, in the crypto world, when climbing a mountain, do not just look at your feet, but look far ahead. At this position, if you can endure the fluctuations, you will be able to reap the big rewards later. When the day comes that you see headlines on Twitter about ETH breaking $10,000 and altcoins collectively doubling, you'll know it's time to prepare for profit-taking.
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