The altcoin season has lasted a full month, and when it will end has become a focal point of market attention.

The end time of the altcoin season needs to be analyzed over a span of one to two weeks. The first month of the altcoin season is divided into three phases: the launch phase (Bitcoin $69,000 - $90,000), the acceleration phase ($90,000 - $99,000), and the full bloom phase (breaking $99,000 to officially surpass $100,000). The first phase lasts one week, from November 6th to November 14th; the second phase lasts nine days, from November 14th to November 23rd; the third phase lasts two weeks, from November 23rd to December 5th.

The entire cryptocurrency space is rapidly evolving towards a favorable outlook for ETH and altcoins, but it has not yet been fully priced in.
The incoming new SEC chairman, Paul Atkins, is a thorough supporter of cryptocurrency. Under his tenure, the ETH ETF with staking will likely be approved, and the SOL ETF will also be approved soon.
Yesterday, the U.S. Treasury also declared Bitcoin to be digital gold. The entire political environment in the U.S., from top to bottom, from retail investors to the top rule-makers, has made cryptocurrency politically correct. This is just the beginning.
There is a crucial layer of logic here for American politicians: supporting cryptocurrency = winning votes. They will attribute part of Trump's success to his support for cryptocurrency. This is American politics.

Next, how do we observe ETH:
1. The first key level is 3980. Last night, it was mentioned that 3980 is an important observation point, where if it retraces here and then goes back up, it indicates a healthy movement for ETH.
2. The small range of 3980~4090 is just the support and resistance.
3. The most important thing for ETH is to have another wave of volume increase, directly breaking through 4090. Then the acceleration trend for ETH will form.
This is how I observe ETH. Currently, both Ethereum and altcoins are showing a positive trend, and the bottoms of the altcoins are quietly rising, with my altcoin account continuously reaching new highs. We are still in a 'high volatility' phase, and retail investors have not really jumped in yet. Those without positions should seize the time.

In a bull market, frequent flash crashes refer to today's downward spike in Bitcoin. In the current trend, be bold in catching such spikes; don't hesitate.
The purpose of this Bitcoin spike is to clear leverage, resulting in over 400 million liquidated, with all over 10x leverage liquidated. Altcoins have not fluctuated much; essentially, most people will not FOMO into altcoins now, as there is no demand to clear leverage.
Every flash crash is an opportunity for the Ethereum exchange rate to rebound, and each flash crash propels altcoins to a new level.
Whether it was the last internal turmoil in South Korea or today's Bitcoin spike, it essentially has little impact on altcoins, contrasting sharply with the performance during bear markets. This validates what I have always said: in a bull market, just crush the altcoins; don't always think about moving around. This is the basic strategy I have established for myself and my trading brothers at this stage: don't fumble around, it's useless.

In the range of 99,000 to 100,000, there are plenty of short contracts being liquidated, with Microstrategy surging 8.72% at close, while Bitcoin rose steadily with the opening of the U.S. stock market.
Yesterday, I mentioned that when junk coins are on the rise, to sustain the upward trend, strong entities must step in. This strength could come from Bitcoin or from MEME coins that led the previous surge. Fortunately, Bitcoin's strong presence is back. Since it can't go down, let's continue to enjoy the music and hold on tight.
Today's surge has caused unusual activity in the contract holding map. Along with the rise, the contract open interest has significantly increased, and the ratio of long to short positions has drastically decreased. It can be considered that many retail investors are going short with the rise; whether you are among them, I do not know. However, in a bull market, it is still recommended to view the market with a bearish perspective without actually shorting, because working against the trend is always exhausting. Once you enter a bad position and get trapped, it becomes very difficult to escape. Conversely, if you trade with the trend, even if you get trapped, you can still manage to get out.

The Golden Age of the Secondary Market

Now is the golden age of the secondary market, the easiest time to make money in a complete bull market. TRX with a market value of 10 billion doubled in a day, and the market's enthusiasm is evident. Those relying on haircuts, first-tier coins, shitcoins, and arbitrage should step aside.

The main characteristics of the market are as follows:

1. Old coins, issued before the last bull market, with a circulation of over 50%. Even some ancient coins like EOS/XLM/NEO are surging, while new coins on Binance have hardly risen.
2. The integration of blockchain with the real world: RWA/DEPIN/DEFI is core, with the stablecoin sector MKR/CRV/RSR/TRU collectively surging yesterday, and the DEPIN sector's XYO/IOTA continuously rising.

December will be the last opportunity for EHT and altcoins to get on board.

1. BTC is oscillating, SOL is cooling down, while yesterday ETH-related blue chips UNI, AAVE, MKR, LINK, and CRV experienced a collective surge; the ETH sector has been a focus in recent weeks.
2. BTC.D is in a continuous decline, which has not happened in over two years, and it will never return to the 61% high from November; this indicates a trend change.
3. The significant rise of ETH in November attracted a lot of follow-up buying; if there is a consolidation in December, this will be the last opportunity to get on board, and it will shock you in January next year.

Prepare for 3 altcoins that could rise more than 10 times in the future!
1. JASMY

There isn't much to say today, as I've been discussing a point for the past couple of days: in the short term, Bitcoin is expected to fluctuate, with occasional downward spikes. There should be no upward breakout in the short term, and SOL is similarly positioned.

ETH will also continue to adjust the ETH/BTC exchange rate during this golden period, with today's rate rising to 0.0383, close to 0.04, which should be achievable in December, as ETH's momentum shows no signs of stopping.
Today's BTC Fear and Greed Index has reached 81, indicating a primarily anxious market. In this situation, it is advisable to dismantle leverage and hold onto physical assets while waiting for Bitcoin to build up momentum.

Investing in this market, especially in a bull market, everyone is looking at sentiment, not value.

For example, this round of bull market, everyone is looking forward to breaking through 100,000 USD. The recent fluctuations are actually to better hit this target. If you are fully invested, there is no need to be too anxious. If you want to make big money, you must be prepared for long-term commitment.
Key points to know next:
You may get trapped for a few months, but if you miss it, it will be a cycle that occurs once every four years.
Adjustments during the bull market may be significant, making you feel like it's a bear market, but a V-shaped reversal could happen at any time.

Start paying attention to opportunities in Ethereum and the Ethereum ecosystem. The market has been changing. Previously, Solana's ecosystem was strong, but now Ethereum is clearly in the lead. In this case, when there is a pullback, you can focus on projects related to the Ethereum ecosystem.

Recommended projects include:
Leaders in the Ethereum ecosystem: ENS, LDO, OP
Next to consider: METIS, ZK, STRK, ARB
Other projects worth noting include: ENA, AEVO, ETHFI
Today, the focus can be considered on LDO and SSV, as well as the layout opportunities of ETHFI.

Invest in 3 altcoins that have increased by more than 10 times!

The cryptocurrency bull market requires an engine, but the Bitcoin bull market only requires liquidity.

The first interest rate cut was in September. According to the Federal Reserve, balance sheet reduction is still continuing, which will neutralize the liquidity released by the interest rate cut, so the current interest rate is still neutral.
But the general direction of interest rate cuts or gradual quantitative easing will certainly not be reversed;
After the election in November, funds that had avoided election fluctuations returned to the market and began to gradually provide liquidity to the market.
At the Federal Reserve's December interest rate meeting, there is a high probability that interest rates will be reduced by another 0.25 percentage points. At the same time, it is very likely that the Federal Reserve will announce a slowdown in balance sheet reduction, or even an end to it. The quantitative easing cycle will officially begin, and market confidence will be greatly boosted.

Is it too late to position now?
Although the bull market has started now, it's not too late, as the best entry times have passed. The key to investing is to buy when no one is paying attention and sell when the market is noisy. Although the market is not completely quiet now, it is also not overly noisy.
The meme market has been somewhat dull, while other smaller chains' memes continue to rise. SOL has risen 30 times from its low. okb has reached its previous bull market peak. pepe's market cap has reached $10 billion, and BTC has broken new highs, challenging $100,000.

These days are a normal pullback, giving people a chance to enjoy the last wave of dividends. As for what’s said online, that 95% of altcoins will rise tenfold... it's purely new people.

The vast majority of coins have no spring.
The cryptocurrency sphere updates and iterates rapidly, and not all altcoins can explode; on the contrary, the vast majority of altcoins have no spring.
Therefore, for certain projects, I often issue risk warnings within the community. For coins with fundamental issues, it's best to take profits and not get too carried away.
What should we do now?
Buy value coins at the bottom and wait for the Federal Reserve and others to step in and boost the market.
Of course, if a value coin's pullback can lower your average cost, be bold and buy!

The recent pullback in Bitcoin is mainly due to the fact that it is about to break $100,000. At this price point, retail investors are taking profits and selling off, and we may have to wait until after Trump's inauguration for further observation.

Referencing the way DOGE rallied in the last cycle, there was a doubling rally at the end of December, and the real launch was at the end of January, right after the new president took office.
In half a month, it surged 10 times, directly igniting the market sentiment for altcoins. In February, March, and April, altcoins basically went crazy.
Looking back at Trump's shooting and campaign success, the cryptocurrency market is very crazy. Therefore, the next biggest positive news will be Trump's inauguration on January 20. I feel that ETH, DOGE, and others will lead the altcoin season, making the first quarter of next year something to look forward to!