With the subtle changes in the market environment, altcoins are ushering in the dawn of a turnaround.

First of all, the approach of the U.S. interest rate cut cycle heralds a gradual increase in market risk appetite, injecting new vitality into the altcoin market. Secondly, after experiencing a simultaneous decline with Bitcoin, altcoins began to get rid of the long-term unfavorable situation of more declines and less rises, showing signs of recovery.

History is always surprisingly similar, and every large-scale capital investment will leave a profound impact on the market. Looking back at the Internet technology bubble in 2000, although it brought about a three-year bear market, 12% of companies eventually stood out and became industry leaders, leading a long-term bull market. The current altcoin market is just like the waiting period after capital precipitation, waiting for new catalysts to stimulate its potential.

However, we should not expect a return to the disorderly exuberance of the past in the altcoin market. On the contrary, we are more optimistic about leading projects in subdivisions, which will lead the reversal of the altcoin market's predicament and form a structural bull market. Different from the past, the market opportunities are more abundant and the money-making effect is more significant.

In terms of operations, considering that macro risks have not yet been fully released, Bitcoin may continue to maintain a volatile bottoming trend in the short term, and may test the key support level of 55,000 points again this week. Judging from the market, the strong rise of XRP has stimulated the enthusiasm for the rebound of altcoins. The bottom rebound of many altcoins has exceeded 30%. It is expected that the fermentation of this market will continue.