Is the market really that cold? BTC has already touched 74K, yet no one in the group is shouting "the bull is back." After taking a look around, this wave seems more like a slight easing in the macro environment. With oil prices dropping, ships passing through the Strait of Hormuz again, and news of dialogue between the US and Iran, the market feels less tense. There's also a pretty obvious feeling in the charts: when BTC moves, altcoins bounce back even faster. In general, this kind of market indicates that funds are no longer just on the defensive; they are starting to flow into risk assets. However, in the short term, everyone is still waiting for the Federal Reserve meeting on the 17th-18th. If the expectations for interest rate cuts are not dashed, the tension in the market might ease a bit more.