Today, cat has performed the most outstanding, rising over 60% against the trend, mainly because it is about to launch on Binance's spot trading.
In the past week, Bitcoin has started to gather momentum and has withdrawn 95% of the market's liquidity, causing altcoins to fall rather than rise, including ETH which has also struggled to gain. This is a normal phenomenon as there is currently no influx of external capital, and all the funds are being pulled from within the market. Therefore, Bitcoin is expected to have a few days of consolidation in the 109300 range, and we will see if altcoins can seize the opportunity for a strong rebound during this time.
The outbreak of the altcoin season requires ETH's rebound to gain strength. In the past two days, I have observed that ETH has been seeking to break through the 4100 integer mark, and it seems ready to make a push. The upper range of 4250-4350 is still very reachable. As Ethereum's layer two solutions gain momentum, other projects will naturally follow suit, and everyone can pick a few low market cap coins to enter.
