At present, many altcoins are seeking short-term right-side trading opportunities, but from a medium- to long-term perspective, the overall structure of the market has not yet reached the ideal level of stability. If the bottom structure is not solid enough, the possibility of launching a large-scale upward trend will be greatly reduced. Only when the bottom structure is wide enough and lasts long enough, the altcoin market is expected to usher in a real boom season. Therefore, for investors, whether it is to open a position or cover a position, there is still enough time.

At this stage, the market is in a potential right-side trading period. Even if Bitcoin faces another decline and altcoins fall with it, the room for decline is expected to be very limited, and the market bottom has been basically confirmed.