This whole round of market can be divided into three stages.
The first stage is from the end of 2022 to October 2023. In this stage, the market still follows the original currency circle, which is very conventional and we are accustomed to it.
The market differentiation starts from the second stage, that is, from October 2023 to October 2024. In the middle and late stages of this stage, there is a clear differentiation in the movement of Bitcoin and altcoins. Bitcoin has gone out of the slow bull and long bull trend, replacing the decline with sideways trading, and has performed very tough. However, altcoins have gone out of a deep bear market during the long bull cycle of Bitcoin.
Now we have entered the third stage, starting from October 2024. Bitcoin continues to walk its own bull market. But I think that at this stage, it has reached the early stage of the altcoin bull market. The first section will not be so fierce, only a few currencies will perform strongly, and then there will be a retracement, followed by the third wave of altcoins.
