Has the short-term market stopped falling? From the violent rebound after the market's sharp decline, it indeed seems to have stopped falling. However, from the perspective of trend adjustment structures, it can only be considered a technical repair after a sharp drop. Apart from Bitcoin and a few strong sectors, the market's gloom still persists. It is completely possible for this round of adjustment to form a bottom at the daily level.

As for the concept of the altcoin season that everyone is concerned about, Mu Mu has roughly determined that the altcoin explosion in this round of the market will proceed in stages, by sectors, and through narratives. Only in this way, when the windfall and narratives arrive, can the explosive power of the entire sector be forged. A traditional comprehensive rally, especially one where even trash can rise, if it happens in the short term, would actually be a significant negative factor. At that time, FOMO chasing in could mean a lifetime of high positions.

In terms of layout or shifting positions, everyone has seen the strong narratives. After each round of market crashes, the first gradient of rebounds are those that can be long-term focused on and firmly held. The L1 and meme concepts (mainly focusing on DOGE and PEPE as core targets) and AI, etc., are in the first gradient, while the second gradient involves parts related to Trump and Wall Street. The former has strong speculation potential; regardless of how market hotspots are viewed, they often manage to develop their own logic and trends. The latter has large institutions continuously supporting them, and once the chips are cleaned up, starting the rally is just a matter of opening their mouths.