Shock! The hidden undercurrents behind Bitcoin's rebound, a major collapse of altcoins?

The global market has fallen into pessimism due to the impact of Trump's policies, with oversold signals all over the candlestick charts, and the market once plummeted to the bottom. However, as the political situation gradually warms up, market sentiment has somewhat recovered. In this warming trend, a shocking phenomenon has emerged — while Bitcoin rebounds, altcoins have failed to rise in sync, showing a clear divergence.

Typically, as the leader of the crypto market, Bitcoin's volatility triggers a reaction from altcoins. But this time, altcoins are slow to respond, and the market structure is undergoing profound changes.

Technically, Bitcoin has broken through a key resistance level, standing firmly above the 200-day moving average, with prices stabilizing above $90,000, and the likelihood of a short-term reversal is low. However, altcoins still have not reached expected levels.

Historical experience tells us that the divergence between Bitcoin and altcoins often signifies the arrival of a new trend.

My view is that this divergence may mark a true trend reversal, representing a singularity in the new market cycle. However, in the short term, May may still see a pullback.

This market cycle is expected to last for 4 months, with altcoins becoming the main players. As Wall Street institutions may shift to operate in Ethereum, altcoins are expected to experience a significant surge.

More importantly, the policy landscape is quietly changing. The global government's attitude towards blockchain is softening, and the new SEC chairman's ascent may change the regulatory direction, paving the way for more tokens to be listed through US stock ETFs, driving the market towards new heights.

Of course, the large-scale listing of ETFs also carries risks: capital-driven bubbles may burst, but perhaps a new market order could emerge after the bubble.