Oh my god, it's unbelievable! The old bird in the cryptocurrency industry tells you, after this sharp decline, why hasn't the bull market cooled down yet, but the fate of altcoins is hanging by a thread? Firstly, why is it said that the bull market is not over yet? Just take a look at Bitcoin. This sharp drop did not fall below the critical line, indicating that large funds have not yet run. Experienced investors are aware that if the bottom line is not broken, there is still hope for a bull market. In addition, the Federal Reserve has quietly announced that the expectation of interest rate cuts has been advanced, and the pie has directly surged to a new high. Isn't this telling you that money is still rushing in! But altcoins are not so lucky. Under the sharp decline, those who added high leverage were directly sent home by the zeroing package. Institutional bigwigs only recognize Big Pancake and Ethereum. Do you see them crazily eating Ethereum and the rise of altcoins? Not at all, big funds don't even touch these miscellaneous troops. How do we go next? In the short term, Bitcoin still depends on the face of the US stock market. If the US stock market stabilizes, the big pie can stabilize and accumulate strength. BNB's recent air drop is not awesome, and the brothers who want to rush have to wait for the official money to be spent. Ethereum is still struggling with direction, and increasing institutional holdings is considered positive, but if it wants to explode, it will have to wait for hardcore news such as the upgrade in Cancun. Looking at yesterday's news again, the legislation for investing in Bitcoin in Utah has passed the House of Representatives, now it's up to the Senate. Also, as soon as the US non farm payroll data came out, the employment rate fell short of expectations, but the unemployment rate was lower than expected, which was also a small ripple for the cryptocurrency industry. Also, the USDC treasury has newly minted 250 million USDCs on the Solana blockchain, which is not a small amount. From a technical perspective, BTC's candlestick is also fluctuating, with a 1-hour level rising, but 4-hour, 12 hour, and daily levels all falling. The intraday pressure and support levels also need to be clearly seen. So, whether the bull market can last or not depends on the faces of Big Pancake and Ethereum. As for altcoins, just play with some pocket money and don't feel sorry if you lose. After reading today's analysis, how far do you think the bull market can go? Is there still a chance for altcoins to make a comeback? Come to the comment section and tell me your thoughts!