Crypto traders are expressing cautious optimism, expecting a market rebound rather than immediate new highs. They maintain mixed positions in call and short-term put options. Opinions on altcoins are divided, with some traders deeply invested in Solana and Popcat, while others remain bullish on Ethereum, targeting $5,000. Traders believe an altcoin rally has begun, aligning with Bitcoin's movement, indicating a coordinated market recovery. Several traders are positioning for a $118,000 call option next week, partially taking profits through perpetual contracts to maintain a positive delta exposure. The strong belief in Ethereum's potential contrasts with bearish sentiment on Solana, highlighting a clear asset preference divide within the group.