The recent crypto market big dump caused by the Black Swan event in Mentougou may have given the whales a chance to dump. After the big dump of Bitcoin, the crypto market is now rebounding across the board, especially the altcoin market after the 50% slump. Today, we are seeing a resurgence of chaotic trends, but it is crucial to be cautious during these times. When trading altcoins, one must avoid frequently unlocking coins, especially the rubbish coins suspected of delisting. Additionally, many people cut loss on pepe, but today it is showing a trend of rebound with significant trading volume.

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Currently, the market is more in a wait-and-see attitude towards funds, mainly due to the uncertainty of the Fed's interest rate cut at the macro level, and the US stocks are also at high levels. To continue to rise, a strong narrative event is needed. In terms of operation, lower expectations, take a look in the third quarter, and there is no need to worry too much about spot. The overall direction of the bull market cycle has not changed, but this round is indeed very difficult, with continuous roller coasters and whipsaws. The altcoin bear market theory has begun to emerge. It will be very difficult if it is all-in or heavily positioned in altcoins. If the allocation is reasonable and the position is reasonable, there is no need to be too anxious. In the long run, the cyclical rules will not be changed.