Alt season is likely approaching! We're currently hitting resistance on the intermediate-term trend line, making a correction in BTC dominance seem reasonable. If more institutional money starts shifting from BTC to ETH ETFs, it could trigger a surge in major altcoins, creating retail FOMO. Retail investors typically have a higher risk appetite than institutions, and they'll likely be drawn to the potential of altcoins. I'm loading up on alts right now. I would look to exit my alts positions around or below 45-50% btc dominance.
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I believe the spotlight will remain on the cryptocurrency market for the next couple of months. Unlike the traditional stock markets, such as U.S. growth stocks and Chinese equities, which are currently experiencing significant volatility due to macroeconomic news, Trump Tarrif, re-inflation, Fed announcement etc, the crypto market appears to be relatively unaffected by these external factors. This resilience makes it an attractive space for both analysis and investment opportunities.
Given this dynamic, I plan to shift my focus towards the crypto market in the near future. Cryptocurrencies have demonstrated a unique ability to decouple from broader macroeconomic trends, driven instead by internal factors such as technological developments, adoption rates, regulatory shifts, and investor sentiment. As traditional markets continue to face uncertainty, I see greater potential for growth and innovation within the crypto space.
This strategic pivot will allow me to capitalize on emerging trends, better understand the evolving landscape, and position myself to take advantage of the opportunities that this market offers.
Note
BTC dominance has officially hit the bottom of the intermediate-term trendline, as anticipated, leading to a strong rally in the altcoin market. However, this rally may slow down temporarily, as BTC dominance hovers around the trendline bottom and could regain strength, especially if BTC approaches the $100K mark in the near future. Such a scenario would result in a healthier altcoin rally compared to a rapid drop in BTC dominance to 40+% in under two months. I'm still holding and closely watching the 42-45% range as the potential absolute bottom before the momentum continues.Note
"The trend line has been decisively broken, suggesting the market may be gearing up for a full-fledged altcoin season breakout. All in Alts now
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.