The market has developed to this point, and I believe 99% of people are very desperate. Altcoins seem to be dead, and currently, there are only two paths ahead: one of despair and one of hope. Despair is that everyone has no hope because altcoins have been performing poorly. Hope is that there is still a glimmer of luck that we might welcome an altcoin season. Right now, altcoins are either at the bottom, having all hit the bull market support level, the second wave of support. The strength of waves 1-3-5 is the greatest. If the second wave retracement holds, altcoins will start a third wave upward, and the strength will be significant. Currently, most of the weakness in altcoins is normal since there has been a continuous four-month decline, which needs to deliver the final blow to retail investors at this moment, and that is despair!
A very realistic question at the moment is: either this is the starting point of the altcoin bull market, or altcoins are going to drop further and break through the current position downwards, in which case there will never be an altcoin season.
What is the conclusion? If this is the starting point of the bull market, this is the last round of the bull market, and after it ends, there will be endless darkness.
It is also the last multiple-choice question for all those who are striving in the blockchain! Analyzing this here or listening to anyone's analysis is meaningless; make your own choice.
"If there is an altcoin season, now is the bottom; if this is not the bottom, there will never be an altcoin season."
I believe this is the last opportunity to get on board.