An Analysis of the Current State of the Altcoin Market:

Except for a few popular coins with background support, most altcoins have not yet experienced a rotating upward trend.

The core issue lies in the lack of liquidity, with funds mainly concentrated in mainstream coins, resulting in limited capital inflow to altcoins.

Recently, market sentiment has cooled somewhat due to multiple rounds of significant corrections, with the fear and greed index dropping to 70, a noticeable decline from the previous highs of over 80 and even 90.

This calm situation in the market is actually a good thing, as it suggests that it is unlikely for significant corrections like the 15% drop in Ethereum and 10% drop in Bitcoin from a few days ago to occur again in the short term.

Looking ahead to the next few days, as long as Bitcoin and Ethereum can hold their previous lows, each correction will present a good entry opportunity.

Moreover, we can expect to witness the arrival of a primary upward wave for altcoins.

In the course of a bull market, corrections are a common phenomenon, and it can even be said that most of the time the market is in a correction state.

The periods of upward movement are far fewer than the periods of correction, which is a significant characteristic of a bull market. Those who deeply understand this will naturally not easily question whether we are still in a bull market.