Recently, there have been some notable movements in the cryptocurrency market. Some investors are asking whether we are in a phase of altcoin rally and are looking forward to explosive growth in the coming days. However, upon closer observation, it appears that the current rapid increase resembles more of a catch-up phenomenon.

Taking PEPE coin as an example, it is currently at a critical resistance level. It is worth noting that there is still uncertainty in the entire encryption market. Bitcoin still has the potential for a false breakout, while Ethereum is nearing the target price of $4700. In this situation, altcoins are likely to encounter resistance at the resistance level, unable to break through or falling back after a false breakout.

Considering these factors, it does not seem wise to buy altcoins on a large scale at the moment. Instead, taking profits at this resistance level may be a more prudent choice. If the market can break through and stabilize within the next day without showing signs of a false breakout, then it would not be too late to consider buying.

Investors need more certainty, rather than blindly chasing prices. Even if the altcoin market experiences a breakthrough, the surge may only last a few days. The market performance over the past few months has repeatedly confirmed this. From a macro perspective, this time is unlikely to be different. The expectations of interest rate cuts have already been reflected in market prices, and there are currently no signs of greater positive news.

Of course, if there are significant changes in the market, we should adjust our strategies in a timely manner. Keep an eye on market trends and wait for clearer signals to make investment decisions; this is the wise course of action. During periods of high uncertainty, being cautious and patient is often more important than rushing to act.