After the release of the initial jobless claims data in the US, market sentiment has shown a significant shift. With Fed Chairman Powell hinting at a possible interest rate cut, Bitcoin's price quickly rebounded, successfully erasing recent losses. From a Technical Analysis perspective, this surge is likely to mark the beginning of a rebound from the bottom.

Meanwhile, although the rise of altcoins has not temporarily exceeded that of Bitcoin, they have also shown strong upward momentum. Especially during the consolidation period of Bitcoin's price, several small-cap tokens have exhibited a buildup of energy, seemingly ready to break through resistance levels at any moment.

In such a market environment, investors need to remain vigilant while also seizing potential opportunities. Some astute traders have begun to pay attention to emerging potential projects, such as the PENGU token, which has garnered interest from some investors. However, it is still necessary to conduct thorough research and risk assessment before making any investment decisions.

The current cryptocurrency market is at a critical turning point. With changes in macroeconomic policies and developments within the industry, we may see more interesting market movements. Whether it is Bitcoin or altcoins, the trends over the next few weeks are worth paying close attention to.