Spring Festival is around the corner, and short-term market sentiment can easily be ignited by the holiday vibes. There's a tradition of 'red envelope rallies,' coupled with some funds making moves before the holiday. Altcoins and meme coins might see a pulse-like rebound, with gains around 10-25%, mainly during the window from New Year's Eve to the fifth day of the Lunar New Year. But don’t mistake it for a reversal. On the macro level, liquidity remains tight, U.S. Treasury yields are fluctuating at high levels, and global risk assets are under pressure overall. In the crypto space, BTC ETF inflows have slowed, institutional rebalancing windows have passed, altcoin narratives are rotating quickly, and fundamentals aren’t keeping up. Most rebounds driven purely by sentiment are likely just 'dead cat bounces.' So the strategy is simple: Sell appropriately when the rebound happens, don’t chase by adding positions. Focus on short-term profits, don’t bet on structural reversals. After the holiday, watch for capital inflows to test the rally’s authenticity. If it struggles to push higher, exit decisively. In short: There might be a small rebound during the Spring Festival—good for earning some holiday money—but don’t expect it to change the overall trend. Stay calm and hold your coins. Feilong wishes everyone good fortune in the Year of the Horse, big profits, and a happy holiday! Don’t let fake reversals take away your year-end bonus!