The encryption market is experiencing increased volatility, and as October comes to a close, where is the long-awaited AltCoin season?

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From the current market perspective, the encryption market in 2024 is no longer as spectacular as it was in 2021, and there is no prominent zone rotation in the AltCoin market. Instead, there are brief surges that are short-lived. The market's hotspots are quite chaotic. Yesterday, BTC's violent surge approached the previous high. Regarding the frenzied and chaotic trend in the encryption market yesterday, many people are calling it a Bull Market. However, BTC's breakthrough surge yesterday cannot be said to be a Bull Market, just like the BTCHalving at the beginning of the year, the approval of BTC spot ETF, the breakthrough of the historical high set in 2021, and the new historical high of $73787.1. This is a crazy Bull Market dominated by BTC alone. A market without the spectacular performance of AltCoins cannot be called a Bull Market.
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The current situation in the AltCoin market is that new coins are constantly being listed. The pattern is that in the Primary Market, people clip coupons, while in the Secondary Market, people play others for suckers. There is also a frequent unlocking trend, causing a rapid increase in the market's circulating supply. Additionally, there is always the risk of delisting, which can cause the chips you hold to drop to zero at any time. In fact, accelerating the delisting of rubbish coins is not necessarily a bad thing. Therefore, the difficulty in operating AltCoins lies in these factors, which have nothing to do with your understanding of cycles, moving averages, or candlestick theory. Once a coin is delisted and drops to zero, what is the point of discussing cycles, moving averages, or candlestick theory? Therefore, caution is needed when operating AltCoins.
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One of the biggest factors missing in the current altcoin season is the lack of a fuse! I miss the previous AI season, the meme season led by PEPE, the SOL ecosystem season, the inscription season, the RWA season, the Hong Kong season, the public chain season... And now it seems like there is nothing, only some individual opportunities brought about by the expectation of Trump's election! Every major altcoin frenzy will give everyone a 10x opportunity to give away money! Just like the A-share market now, there are at least 3-5 zones being hyped every day, dozens of strong stocks hitting the limit and driving upwards, giving the market confidence! And now, what the crypto altcoin lacks is this! Looking forward to the next hype!
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Next, the market needs to pay attention. If BTC continues to lead, the market focus will shift to Altcoins. Remember, except BTC, all others are altcoins. Pay close attention to the counterattack of VC (Venture Capital) coins, which may be beyond imagination. Pay attention to whether there will be new narrative hotspots in the market, whether it is the narrative extension of ETH or the meme culture of SOL, which may be new opportunities. After profiting in the Altcoin Main Rising Wave, it is still an effective strategy to exchange back to BTC, which can lock in profits and maintain flexible response to the market. Follow Yibo Shuibi for more market analysis and operational advice, grasp investment opportunities, and control the market trends!