The cryptocurrency market is experiencing a strong rebound, and the altcoin season requires attention to three key points:

1. **BTC's Bloodsucking Effect Weakens**: If Bitcoin's dominance rate (BTC.D) falls below 50% from its current high (around 54%), funds may accelerate their shift towards altcoins;

2. **Incremental Funds Entering**: If BTC stabilizes above $100,000 and consolidates, institutional funds may flow into small and mid-cap tokens through channels like ETFs, with the total market cap of altcoins needing to surpass $1.2 trillion (currently about $950 billion);

3. **Ecosystem Hotspots Catalyze**: The popularity of Meme coins on Solana and Base chain continues, and new explosive points may emerge in tracks such as AI and RWA, creating emotional resonance.

The current market has ample liquidity, but BTC is still in a strong cycle. If the Federal Reserve's interest rate cut in August-September coincides with a rotation of funds, the altcoin season may start at the end of Q3. Be cautious of profit-taking pressure at high levels and risks from regulatory policy disturbances.