Currently, the trend judgment for altcoins is quite poor, with most showing a bearish state.

SOL is considered the leader of this bull market, with its increase far surpassing BTC, not to mention ETH.

Currently, the SOL/BTC exchange rate has broken down, and the on-chain meme performance is very poor.

Additionally, looking at meme leaders like PEPE/DOGE/PNUT/ACT, they all show a bearish state.

Therefore, it is recommended to reduce positions in altcoins and not to open too large; defensive measures should be taken.

At most, continue to hold some long-term Bitcoin spot.

Even if Bitcoin fluctuates between 90,000 and 110,000, if it pulls back to 90,000, altcoins are likely to crash by around 30%. What if it goes below 90,000?!

Currently, the weakest would be the meme coins from the BTC, TON, and SOL ecosystems that have already been listed on major exchanges, right?

So, I suggest not to FOMO.

Take a moment to calm down and observe the situation before making any decisions. 🤣

I previously mentioned the characteristics of this bull market.

From March to September this year, we are indeed in a bull market cycle, but how have altcoins performed?

In a bull market, if altcoins do not experience a widespread increase, it is very difficult to catch the rotation of sectors. When the market has a major correction, altcoins will only become more difficult and miserable…

Just survive for now; at least we are still alive and not quickly eliminated by the market…

Therefore, I choose to significantly reduce my positions in altcoins…

Wishing everyone great profits! 🙂🙂🙂

BTC

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