I've been feeling unwell these days and couldn't live stream on time. Some people ask if they can buy the dip on altcoins. From the first half of 2024, altcoins will no longer have a narrative myth. The first half of the bull run saw BTC leading the way with SOL in the crypto world, initiating a sub-ecosystem for altcoins, mainly reflected in the lack of new participants getting on board. In the second half of the year, there will be a new wave of speculation on the large-scale usage of stablecoins and the on-chain assets of beacons. Now, there isn't the same narrative of everyone participating in mining ETH as before. There's no altcoin narrative to seize the opportunity; instead, everyone is just keeping pace. When BTC surges, I rise slightly; when BTC rises, I fall slightly; when BTC falls, I experience a big dump. It's all just driven by emotions.

The past logic was: BTC overflows into Ethereum, Ethereum overflows into altcoins, thousands of coins take off, the profit effect is enormous, the circle expands, attracting external funds, sector rotation, until the inflow of funds is insufficient to support the upward spiral of the crypto world, and then it crashes......
The current logic is that if you have a dream in the crypto world, you can come here. BTC is about to complete its centralization, and ETH is also about to complete the concept of institutional control and centralization. Technical analysis has basically failed in this wave of market conditions. There are too many external factors. By the time signals appear, it will be impossible to turn back. Looking at the crypto index, you will find that the crypto world is even less than the height of the crazy bull market in April 2024, which was less than in 2021. Smart money is gathering together, and altcoins have no new players coming in to pass the baton; liquidity is drying up. Some people say that those who are holding enough chips, but after these years of baptism, just look at how the altcoin holders have turned out. Don't even talk about the big players in altcoins; just look at how numb the old players have become. They are already half-obsessed.