In 2026, a violent bull market is unlikely to appear in the cryptocurrency space, primarily relying on the Federal Reserve's implicit easing (monthly purchases of 40 billion short-term bonds) and subsequent interest rate cuts for liquidity support. It is highly probable that the market will experience a rational rebound with a bottoming oscillation. The transmission of funds must follow the hierarchy of the US stock market → small-cap stocks → cryptocurrencies (BTC → ETH → other coins). After the policy is implemented, a period of 2-4 weeks of oscillation and bottoming will occur, with a complete transmission cycle lasting several months. The increase in institutional participation has also reduced extreme volatility. It is advisable to gradually accumulate BTC, ETH, BNB, and SOL in batches after the Bank of Japan raises interest rates in December 2025, holding spot or 2x leverage and buying the dips. Before Powell's departure in April 2026, close positions to take profits, while being vigilant about policy divergences and regulatory disturbances, ensuring that leverage has sufficient margin to avoid weak altcoins.