Generally, the startup cycle of altcoin season is as follows:
① BTC starts the market
② ETH follows with an increase
③ BTC makes another push
④ ETH breaks new highs
⑤ Major altcoins rise
⑥ BTC reaches new highs
⑦ ETH and major altcoins hit new highs together
⑧ Mid-tier altcoins soar
⑨ Low-tier altcoins flourish
⑩ A comparison shows that we are currently in the fourth and fifth stages.
From other information:
1⃣️ The market generally believes that the Federal Reserve will cut interest rates on September 17, which will enhance liquidity in the market, a good sign for altcoin season.
2⃣️ Currently, funds are still concentrated in ETH and major altcoins, with a cautious mindset prevailing, which hasn't yet spurred widespread growth.
3⃣️ Once we enter altcoin season, the scope of growth may not be as broad as in previous rounds, given the excessive number of chaotic coins that cannot all be covered.
In summary:
We are waiting to see if ETH breaks 5000. We can prepare in advance for research in the AI sector, RWA sector, and gaming sector in late September, and not be swayed by the current trends. When the time comes, we must firmly take a seat and hold steady.