The upcoming market may have three scenarios:

The first scenario is that US stocks and BTC continue to soar, with BTC draining liquidity, without an altcoin season or a small-scale altcoin season. This continues until the first half of next year, followed by a slight recession in the US economy, leading to a decline in US stocks and the cryptocurrency market, marking the end of the bull market.

The second scenario is a collective correction in US stocks and the cryptocurrency market, or even a small black swan event, where the main forces take advantage of the situation to dump and accumulate. Then around the second quarter of next year, the bull market gradually starts, and the altcoin season arrives.

The third scenario is a combination of the above two, with two waves of bull markets where initially US stocks and BTC continue to soar, with BTC draining liquidity, and without an altcoin season or a small-scale altcoin season. This lasts until the first quarter, then experiences a pullback due to events. Following that, as the impact of events fades and interest rate cuts accelerate, the market restarts in the second half of the year, leading to a rotating bullish altcoin season that lasts until the end of the year.

The probability of the first scenario is relatively low. The second and third scenarios are difficult to predict because the difference between them is whether there will be a wave of emotionally driven bull market at this moment. If there is a first wave of the bull market, it should be a trading sentiment "fantasy" market, as the industry narrative and liquidity are not in place, making market sentiment extremely volatile and hard to predict.

I tend to lean towards the second scenario, which may be influenced by personal positions, currently at 60% allocation.