Will there be an altcoin season this year Bitcoin experiences violent pullback to 67000 and triggers panic selling Its better to exit

Coin World News Report:
Last night until this morning, there was a decline in the Bitcoin market.
When it rises, there is FOMO, and when it falls, there is panic. I advise you to withdraw and leave this market as soon as possible.
Bitcoin has been rising continuously for more than 10 days, and it finally experienced a correction that somewhat resembled a pullback. Can the bears also reach a climax? I don’t understand the bears’ G-spot. If it is a complete upward trend, from a time perspective, we are only at the starting point. What we should do now is to make plans and conduct investment research, rather than let emotions dominate our decisions based on the ups and downs of the candlestick chart.


In terms of short-term thinking, the main strategy is to focus on low long positions. Generally speaking, there will be resistance and a pullback near 69,500, and a short-term rebound can be made near 67,000, with a potential profit of 1,000 points. When faced with a declining market, many individuals start to become fearful again, but there is no need for that. The fluctuations at this level are just a drizzle.
For those who have insufficient positions, it is recommended to buy gradually as the price falls, instead of always trying to buy at the lowest point.
Life is uncertain, and we are not gods, so it is impossible to buy at the lowest point. If someone tells you they can, they must be a fraud.
In short, a decline is an opportunity to buy at a low price, so don’t miss it.
The real test is this kind of market:
Rising for three days and correcting for one day, oscillating for two days.
However, when observing the market, we should not only focus on the current price, but also analyze and summarize the past market trends to find some patterns.
Only conclusions drawn from these objective facts can be closer to the truth, and then you can decide whether to continue holding or liquidating the coins in your hand.
Will there be an altcoin season in 2024? What investment opportunities are there now?
In this bull market, the “altcoin season” has yet to arrive, but there seems to be some movement recently. From APE to DYDX and SUSHI, many altcoins have experienced significant increases. Is this a true bull market or are altcoins taking advantage of the situation to create positive news and then sell? Why hasn’t the regular “altcoin season” that used to occur in the cryptocurrency market worked this year?
How did the previous altcoin seasons come about?
In the past few bull markets, the arrival of the altcoin season seemed to be an inevitable phenomenon. After the prices of Bitcoin and Ethereum rose, investors gained enough profits from mainstream coins, and funds gradually overflowed into the more volatile altcoin market, which potentially offered higher returns. As a result, altcoins started to rise one after another under this capital push, creating a unique “altcoin season” trend.
However, in 2024, this pattern seems to have failed. With the price of Bitcoin soaring from $26,000 to a high of $70,000 due to the halving event and ETF catalyst, mainstream funds have already made substantial gains. According to common sense, this should be the time for altcoins to shine, but reality is disappointing. Many investors who were waiting for history to repeat itself suffered heavy losses. There are only a few altcoins this year that have outperformed Bitcoin, and finding the right altcoin is like finding a needle in a haystack.
As the market enters October, the only thing worth doing is choosing the “dark horses” in the strong sectors. This is the only opportunity for ordinary people to overtake on the bend.
APE: The “dark horse” that emerged out of thin air this week.


This coin’s rally can be described as “violent,” and once it starts to rise, it shows no mercy.
This is also the most attractive point of the cryptocurrency market and what everyone is most looking forward to.
In conclusion, it may take one to two years for altcoins to complete the journey that Bitcoin takes in a month, a week, or even a few days. When trading, the most important thing is to understand your own limitations and capabilities. If you are not good at grasping the main storyline of altcoins, it is a good strategy to hold onto major cryptocurrencies and a few altcoins that you have confidence in until the timing is right or the price meets expectations.