According to Glassnode data, trading of altcoins on Uniswap is experiencing a resurgence, indicating that investor interest is shifting beyond the risk curve. Interest in altcoin trading began to increase in mid-2023, mainly driven by the "meme coin craze." Last week, altcoin trading accounted for nearly 12% of Uniswap's trading volume, close to the peak of 17.4% during the last bull market. In comparison, WBTC and WETH trading accounted for 47% of the trading volume, while stablecoins accounted for 40%. Liquidity providers on Uniswap tend to closely monitor the market, examining the composition of the total locked value (TVL) on Uniswap. It has been observed that during the altcoin season, liquidity allocation for tokens outside the top 50 on Uniswap has increased, indicating growing investor interest in long-tail tokens.

Market Analysis:

BTC: On the 4-hour chart, the price has fallen below the middle Bollinger Band, indicating a weaker price trend.

On the daily chart, the price has dropped below the moving average support, indicating a demand for a short-term market rebound.

In summary, the support level is at 50900, and the resistance level is at 51300.

ETH: On the 4-hour chart, the price rebounded to the upper Bollinger Band before pulling back, but the price is still above the middle Bollinger Band, indicating a strong range. The support level is at 3050, and the resistance level is at 3070.

LTC: After the price fell below the middle Bollinger Band, it quickly recovered. The current market is mainly consolidating at the bottom, with the support level at 68 and the resistance level at 71.

BCH: The price has fallen below the middle Bollinger Band, indicating a weaker trend. The support level is at 250, and the resistance level is at 270.

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