BTC rebound, altcoins divergence, a new cycle singularity?

A series of policies by Trump have triggered pessimism in the global market, which is clearly visible in various candlestick trends, causing the global market to briefly fall into an oversold range.

However, against this backdrop, there has been a mild political shift, and market sentiment has somewhat warmed up. During this warming process, I noticed a detail:

When BTC rebounded, the vast majority of altcoins did not rise in sync, showing a significant divergence.

Generally speaking, Bitcoin, as the leader of the crypto market, tends to drive altcoins up and down, with altcoins often experiencing larger fluctuations.

But this time, as Bitcoin warmed up, the vast majority of altcoins reacted sluggishly, which means that

the deep structure of the market is undergoing changes.

From a technical perspective:

Bitcoin has broken through a key resistance level and has stood above the 200-day bull-bear dividing line;

Currently, the price of Bitcoin has stabilized above 90,000 for a week, and the probability of a short-term reversal is low.

However, the overall altcoin market has not yet reached the expected position.

Looking back at history and past trading experiences, this divergence between BTC and altcoins often signals the start of a new trend.

My view:

This divergence may be a true trend reversal, a singularity of a new market phase. (However, there will still be a pullback in May; the short-term is still a rebound, not a reversal.)

Considering the rhythm of liquidity release, I expect this market phase to last for 4 months, with altcoins as the main players.

In the second half of the bull market, Wall Street institutions will likely turn to ETH as the market's main line, driving altcoins to surge (after all, there is enough room for it), and the recent bottom-feeding retail investors who swapped various altcoins for BTC to save themselves will ultimately get cut again. I think this possibility is very high.

More importantly, the policy landscape is also quietly changing:

In the past, global governments had a conservative attitude towards blockchain, such as China's ban, the EU's MiCA framework, and the strong regulation from the former SEC chairman in the U.S.;

However, the new SEC chairman's ascension may become an important signal for a regulatory direction reversal;

In the future, more tokens may be listed through U.S. stock ETFs, combined with global fiat currency inflation and liquidity release, which is expected to drive the market to new heights.

Of course, large-scale ETF listings are also a double-edged sword:

A capital-driven bubble could burst like the internet bubble of 2000, but it could also lead to a new order after the bubble.