Market sentiment hasn't picked up yet; normally, when the market hasn't reached FOMO, it often chooses to rise. However, the position is too high, and without a pullback, it's difficult to participate. Most sidelined funds will prioritize altcoins. Currently, BTC is only 6.6% away from its historical high, and if it continues to rise from here.

Altcoins will have a wave of opportunities, though it may not necessarily be an altcoin season; it can only be said that there will be good gains. Technically, many altcoins have already formed bottom patterns. From another perspective, the mountain cold index also shows this. Currently, the index has broken out of the bottom structure.

The last time the bottom structure broke out was in November last year, starting that wave of upward movement. At that time, this index was also used to buy altcoins; however, the market background during the upward movement in November and December last year was different. The expectations for altcoins were much stronger than they are now. Therefore, I still insist on that statement: when profiting, there must be actions to reduce positions, and you must have flexible available positions.