The cryptocurrency market is experiencing a surge of optimism as Fed rate cut odds soar to near 100%. Altcoin markets are exhibiting strong breakout patterns across key charts. While Bitcoin remains dominant, the overall market is indicating a shift towards alternative cryptocurrencies. 89% of market watchers anticipate a 25 basis point cut by the Federal Reserve in September, driving this bullish sentiment. Altcoin Season Index now sits at 65, hinting that the market might be approaching a rotation from Bitcoin dominance towards other altcoins. This trend is further evidenced by a notable drop in BTC Dominance to 58.61%, mirroring patterns seen during the 2021 Altseason boom. A breakdown of this resistance level could signal capital flow into less established cryptocurrencies, as seen in the increasing market cap for non-BTC and ETH assets.