Altcoin Market Analysis:

Driven by the major market (BTC, ETH), altcoins have generally experienced a significant pullback, and the overall trend is in line with expectations. The adjustment during the holiday period helps the market digest previous gains, laying a healthier foundation for potential trends after the holiday.

Currently, most altcoins have retreated to the adjustment lows near the rise in early May, which is a normal technical pullback. Some coins that have pulled back more significantly have even fallen below short-term support and may further explore the bottom area where the May rally began. Investors need to be cautious of risks and manage their positions wisely.

As June approaches, the market may welcome a new round of opportunities. It is recommended that investors remain patient and prepare their layouts during the adjustment period in order to seize opportunities in the subsequent market movements.