随着相关回报，比特币[BTC]和以太坊[ETH]占主导地位的Altcoin市场

AltCoins再次与比特币[BTC]和以太坊[ETH]同步，这表明返回高相关市场。

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再次与比特币和以太坊同步，这表明返回高相关市场。尽管这在表面上看起来稳定，但历史表明，这种路线通常是在急剧波动或当地市场顶部之前的。

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.

大多数山寨币仍处于牢固的下降趋势中，使早产条目特别有风险。在此阶段，关键是时机。在考虑重新进入之前，请等待积累和明确的结构转变的迹象。

The state of the market – Correlation returns

市场状态 - 相关回报

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.

大多数Altcoin对的密集蓝色乐队表明，​​在过去的几个月中，大多数Altcoins一直与BTCUSDT锁定。这种模式标志着一个市场，宏观趋势占主导地位和独特的Altcoin叙事难以获得吸引力。

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

从历史上看，当热图变成散射或红色时，低相关性的时刻通常在主要波动率或当地市场上衣之前。

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

在撰写本文时，数据揭示了紧密聚集的行为，这意味着山寨币不太可能独立胜过。除非比特币和以太坊集会首先。

The three phases of altcoin price action

Altcoin价格行动的三个阶段

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价格周期通常遵循三个不同的阶段 - 下降，积累和上升趋势。目前，大多数山寨币都处于下降阶段的深处 - 标志着一致的低点和持续的销售压力。这是危险区域，早期条目通常会导致损失。

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.

一旦销售压力逐渐消失，并且价格稳定在定义的范围内。关键迹象包括降低的波动性和对范围低的反复防御。最后，当市场结构转移看涨时，上升阶段开始。

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，寻找高于抵抗力或持续回调以重新进入的干净断裂。

Reading range lows and re-entering with momentum

阅读范围的低点和势头重新进入

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.

随着AltCoins开始稳定的稳定，注意力转向范围低点 - 从历史上看，卖方失去力量并悄悄介入的关键区域。这些水平通常充当动量转移的阶段地面。当价格始终如一地捍卫范围低时，可能表明情绪发生了变化。

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.

诸如较高低点或决定性突破之类的结构信号可以表明趋势逆转的早期阶段。在以前的周期中，此类设置与更广泛的市场回收率保持一致。虽然并非每个范围都会导致集会，但是关键水平的公司支持通常标志着越来越多的信心。

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

目前，比特币和以太坊仍然是主要指标。而且，只有在势头延伸时，山寨币才可能遵循。