The crypto 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 situation, the encryption market in 2024 is not as booming as it was in 2021. There is no prominent zone in the AltCoin market that shows rotation. Instead, there are temporary surges that quickly fade away. The market's hot spots are quite chaotic. Yesterday, BTC violently surged towards its previous high. Many people are calling it a Bull Market, but in fact, BTC's breakthrough surge yesterday cannot be considered a Bull Market. Just like the BTCHalving and the approval of BTC spot ETFs earlier this year, breaking through the historical high point set in 2021 and reaching a new historical high of $73,787.1, it belongs to the crazy Bull Market of BTC alone. If a market does not have the booming and vibrant AltCoin market, it cannot be called a Bull Market.
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The current situation in the altcoin market is that new coins are launching in large numbers. The pattern is to Clip Coupons in the Primary Market, play people for suckers in the Secondary Market, and then there is the frequent unlocking trend. The Circulating Supply in the market is surging, and there is the constant threat of delisting at any time, which can make the chips you have Tied Up drop to zero at any moment. In fact, accelerating the delisting of those garbage coins is not necessarily a bad thing. Therefore, the difficulty in trading altcoins lies in these aspects. It has nothing to do with your understanding of cycles, moving averages, or Candlestick patterns. Once a coin is delisted and drops to zero, what use are theories of cycles, moving averages, or Candlesticks? Therefore, trading altcoins requires caution.
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The biggest factor missing in the current altcoin season is a catalyst! 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 a few individual opportunities driven by the expectation of Trump's election! Every major altcoin hype gives everyone a tenfold money-making opportunity! Just like the A-share market now, there are at least 3-5 zones that continue to hype every day, dozens of strong stocks driving up to new heights, giving confidence to the market! And now, that's what the altcoin market is lacking! 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 Altcoin. Remember, except BTC, all others are altcoins. Pay close attention to the counterattack of VC (venture capital) coins, which may be more powerful than imagined. Pay attention to whether the market will have new narrative hotspots, whether it is the narrative extension of ETH or the meme culture of SOL, which may be new opportunities. After profiting from Altcoin Main Rising Wave, it is still an effective strategy to switch back to BTC, which can lock in profits and maintain flexible response to the market. Follow Yibo Shuo coin for more market analysis and operational advice, grasp investment opportunities, and control the market trends!