If I’m not mistaken, many counterfeit weekly levels are about to show a big bullish candle. Of course, it’s just a weekly rebound, and if a big bullish candle doesn’t appear, then forget I said anything…😅

Talk about the current situation of altcoins

In the top 50 by market capitalization of altcoins, taking DOGE as an example, many coins have similar trends: going up and down, fluctuating back and forth, like walking to a beat, but there is just no breakthrough. This back-and-forth has been going on for half a month.

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In this rhythm, many people's interest in the market has almost dropped to freezing point. Not only do they not want to participate, but even the desire for short-term speculation has been worn away.

Additionally, news regarding tariffs has been delayed for another month, and some funds have begun to show unusual movements, such as some market makers seemingly hoarding the coins they are responsible for making markets for, perhaps preparing for a future surge.

After excluding the top 50 large-cap coins, the overall proportion of other medium and small altcoins in the market is as follows:

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The current market is in a consolidation range, and the trend seems to be forming a converging triangle, which usually indicates that a change in trend is imminent.

Such trends are often a brewing period before a new round of market movement starts. Once the direction is clear, some quality small-cap coins may be the first to take off and have independent trends.

We have already laid out some potential projects in advance, so it depends on who can take the lead next.