In the first image and the second image, currently under the converging triangle of BTC, in recent days, these types of alts are operating around the neckline position of the consolidation zone at the low point for the three months from August 2024 to November 2024. For these types of alts, regardless of how they move, just hold onto them at prices nearby, no need to check, they will definitely go up after a while, don't worry about the process.

This kind of altcoin has been around for a few years, with bull and bear cycles including 2022, having completely experienced the last two to three years. There’s no need to be afraid of it dropping to the bottom; when it rises, there’s no need to think about the heights of last November or December. Just make a profit, as there’s room for two to three times or even four to five times. When it truly takes off, it can happen in just three days. If you hesitate and don't dare to enter, you might miss the whole opportunity. The entire coin circle has been washed since last December until now; it has been a long wash and is quite chaotic, unlike last year when things were more straightforward.

The remaining alts either started trading late or have a completely different cycle compared to most alts. Promoting or buying such coins relies on faith and gambling. Their wash time is short, the horizontal movement isn't that long, and the vertical movement may not be very high. They are not really hot topics anymore, and their position isn't that low, so it's hard to say.

Moreover, there are new coins, good coins. The altcoin market is not as good as it used to be. Recently, some nice coins have been released that have generated some buzz and narrative. Some coins that have been dropping since their launch will likely see a big surge in a couple of days. I haven't been paying much attention, and there isn't much information available right now. I'm currently looking for this kind of stuff.

The following few images are what I was playing with last year. You can see that from the lowest point in April this year to the height it has reached now, the market makers are still very strong. When I bought the dip in April, I forgot about mog; this thing is the most amazing.

Overall, many alts have a daily trading volume of only hundreds of thousands. Even now, despite the decline, it is much smaller than the kind of drop we saw from August to November last year. We are just waiting for the next pump.
At this time, the overall altcoin market is the most chaotic, BTC is about to break out of a converging triangle pattern, and Ethereum is uncertain whether it wants to trap people or continue to rise. The only thing that can be confirmed about alts is that they are falling significantly due to insufficient liquidity.
In September, there are expectations for interest rate cuts. Don't let the A-shares and the crypto market rise in August and then cash in on this expectation ahead of time. If you bought your chips back then, you would be in trouble. If you want to buy, do it at a low point. By then, the crypto market might take a hit, A-shares might also drop, and Hong Kong stocks might take a hit as well. You won't be able to recover. Also, for those trading contracts, the current BTC is completely different from last year's BTC. It's not like the old days, and it's hard to understand. There are 800 directions in a day, and you can't make any money. One direction is up 500u, another down 500u. You could work hard for a month, and if you accidentally fall asleep one night, you wake up to find all your money gone. In the end, you won't get a thing. You might as well just hold onto spot trading and wait for returns.