To determine whether the altcoin bull market is coming, the first step is to see if Bitcoin can stabilize above 108,000 for a period of time. The second step is to watch if Ethereum can break through 2,800 and hold steady. I believe that Ethereum's impact on the entire altcoin market will be greater than that of Bitcoin in the future. For those holding spot positions, the immediate consideration should not be about opportunities, but rather about reducing positions. After all, anyone who bought the dip during the previous crash can gradually take profits and manage their positions, and now they can also recover significantly.