Alts market analysis:

With the leading of the major coins (BTC, ETH), alts have generally experienced a deeper pullback, and the overall trend is in line with expectations. The adjustment during the holiday helps the market to digest the previous gains, laying a healthier foundation for potential trends after the holiday.

Currently, most alts have retraced to the adjustment lows near the early May highs, which is a normal technical pullback. Some coins that have retraced more deeply have even fallen below short-term support, potentially probing further down to the bottom area when the May rally started. Investors need to be cautious of risks and manage their positions wisely.

As June approaches, the market may welcome a new round of opportunities. It is advised for investors to remain patient and prepare their layouts during the adjustment period, so as to seize opportunities in the subsequent market.