Recently, there has been an interesting contrast in the market. The Bitcoin Dominance Index (BTC.D) rose to 59.77, despite the weak performance of altcoins, which actually pushed this index higher, indicating that funds are consolidating into leading assets.

What’s more noteworthy is the rapid shift in market sentiment. The Fear and Greed Index jumped from the fear zone directly to the greed level of 61, completing this transition in just two days, highlighting the extreme volatility of market sentiment.

From a technical perspective, the super trend indicator has issued a clear reversal signal. Mainstream cryptocurrencies like Bitcoin and Ethereum have effectively broken through previous downtrend resistance lines, indicating that the correction bottom at around $124,000 for Bitcoin and $4,700 for Ethereum has ended. The technical outlook for most mainstream coins is turning positive, laying the foundation for a major reversal in the subsequent market trend.

Overall, whether from the perspective of funds, sentiment, or technical analysis, the market is accumulating energy for a reversal. If these signals are confirmed by trading volume, a larger upward trend may be brewing.