隨著相關回報，比特幣[BTC]和以太坊[ETH]占主導地位的Altcoin市場

AltCoins再次與比特幣[BTC]和以太坊[ETH]同步，這表明返回高相關市場。

Altcoins are once again moving in sync with Bitcoin and Ethereum, signaling a return to a high-correlation market. While this may appear stable on the surface, history shows such alignment often precedes sharp volatility or local market tops.

AltCoins再次與比特幣和以太坊同步，這表明返回高相關市場。儘管這在表面上看起來穩定，但歷史表明，這種路線通常是在急劇波動或當地市場頂部之前的。

Most altcoins remain in firm downtrends, making premature entries particularly risky. At this stage, the key is timing. Await signs of accumulation and clear structural shifts before considering re-entry.

大多數山寨幣仍處於牢固的下降趨勢中，使早產條目特別有風險。在此階段，關鍵是時機。在考慮重新進入之前，請等待積累和明確的結構轉變的跡象。

The state of the market – Correlation returns

市場狀態 - 相關回報

The dense blue bands across most altcoin pairs suggest that over the past several months, the majority of altcoins have been moving in lockstep with BTCUSDT. This pattern signals a market where macro trends dominate and unique altcoin narratives struggle to gain traction.

大多數Altcoin對的密集藍色樂隊表明，​​在過去的幾個月中，大多數Altcoins一直與BTCUSDT鎖定。這種模式標誌著一個市場，宏觀趨勢占主導地位和獨特的Altcoin敘事難以獲得吸引力。

Historically, moments of low correlation – when the heatmap turns scattered or red – have often preceded major volatility or local market tops.

從歷史上看，當熱圖變成散射或紅色時，低相關性的時刻通常在主要波動率或當地市場上衣之前。

At the time of writing, the data revealed tightly clustered behavior, meaning altcoins are unlikely to outperform independently. Unless Bitcoin and Ethereum rally first.

在撰寫本文時，數據揭示了緊密聚集的行為，這意味著山寨幣不太可能獨立勝過。除非比特幣和以太坊集會首先。

The three phases of altcoin price action

Altcoin價格行動的三個階段

Altcoin price cycles typically follow three distinct phases – Downtrend, accumulation, and uptrend. Most altcoins are currently deep in the downtrend phase – Marked by consistent lower lows and sustained selling pressure. This is the danger zone, where early entries often result in losses.

AltCoin價格週期通常遵循三個不同的階段 - 下降，積累和上升趨勢。目前，大多數山寨幣都處於下降階段的深處 - 標誌著一致的低點和持續的銷售壓力。這是危險區域，早期條目通常會導致損失。

The accumulation phase follows once selling pressure fades and price stabilizes within a defined range. Key signs include reduced volatility and repeated defense of a range low. Finally, the uptrend phase begins when the market structure shifts bullish.

一旦銷售壓力逐漸消失，並且價格穩定在定義的範圍內。關鍵跡象包括降低的波動性和對范圍低的反复防禦。最後，當市場結構轉移看漲時，上升階段開始。

Hence, look for clean breaks above resistance or sustained pullbacks to re-enter with greater conviction.

因此，要以更大的信念，尋找高於抵抗力或持續回調以重新進入的干淨斷裂。

Reading range lows and re-entering with momentum

閱讀範圍的低點和勢頭重新進入

As altcoins begin to stabilize, attention turns to range lows – Historically, key zones where sellers lose strength and buyers quietly step in. These levels often act as staging grounds for momentum shifts. When prices consistently defend a range low, it may suggest a change in sentiment is underway.

隨著AltCoins開始穩定的穩定，注意力轉向范圍低點 - 從歷史上看，賣方失去力量並悄悄介入的關鍵區域。這些水平通常充當動量轉移的階段地面。當價格始終如一地捍衛範圍低時，可能表明情緒發生了變化。

Structural signals like higher lows or decisive breakouts can indicate the early stages of a trend reversal. In previous cycles, such setups have aligned with broader market recoveries. While not every range results in a rally, firm support at key levels often marks growing confidence.

諸如較高低點或決定性突破之類的結構信號可以表明趨勢逆轉的早期階段。在以前的周期中，此類設置與更廣泛的市場回收率保持一致。雖然並非每個範圍都會導致集會，但是關鍵水平的公司支持通常標誌著越來越多的信心。

For now, Bitcoin and Ethereum remain the lead indicators. And, altcoins are likely to follow only if momentum carries through.

目前，比特幣和以太坊仍然是主要指標。而且，只有在勢頭延伸時，山寨幣才可能遵循。