#山寨币突破 According to the latest market analysis, the total market value of altcoins has surpassed the key resistance level of **$1.23 trillion** (a new high since March 2025), confirming a trend reversal, with the following technical characteristics:

1. **Upward Target**: The head and shoulders bottom pattern indicates a target range of **$1.55-1.60 trillion** (approximately a 25% increase from the current level), with weekly volume breaking through support momentum continuing.

2. **Capital Rotation**: After Bitcoin's high-level fluctuations, capital has overflowed to mid- and low-market cap altcoins (such as Kaspa, VeChain, etc.), focusing on technological implementation and undervalued targets.

3. **Institutional Dominance**: The process of compliance (such as expectations for XRP, SOL spot ETFs) and corporate asset reserves (BNB, HYPE, etc.) promote structural opportunities, but differentiation is intensifying, and risks of low liquidity projects should be heeded.

**Short-Term Trend**: If BTC.D (Bitcoin market cap dominance) falls below 60%, the altcoin season may fully explode; conversely, the pressure for a pullback will increase.