You will regret if you miss this opportunity. The altcoin market is showing strong signals of a potential bull run after the super-strong correction this week, with many tokens already posting significant gains. As BTC dominance decreases, altcoins typically experience substantial growth in both value and trading volume.
BTC Dominance 🔥
Look at the chart of Bitcoin Dominance (BTC.D) undergoing an ABC correction pattern, where the recent move up to point C aligns with a strong resistance zone near 60%. This marks the completion of the corrective wave. The subsequent sharp rejection from this level suggests a reversal in trend, with BTC.D likely to continue its downward trajectory. This continuation could indicate capital rotation into altcoins, reducing Bitcoin's market dominance as the broader crypto market rallies.
The altcoin season index
The Altcoin Season Index is a crucial indicator that helps investors identify whether the market is in "Altcoin Season" or "Bitcoin Season." Currently sitting at 53 after a strong correction from its recent peak of 88, the index suggests we're at a critical juncture. This level historically indicates the early stages of an altcoin season, where altcoins begin outperforming Bitcoin. The current reading, combined with the technical setup in BTC.D, strongly suggests that altcoins are positioned for significant upside potential.
Global macro news
Recent global macro developments have fostered a favorable environment for crypto markets, particularly with the U.S. Federal Reserve's recent interest rate cuts and plans for continued reductions into 2025, which have significantly increased risk appetite among investors. This shift in monetary policy is further amplified by the anticipated pro-crypto stance of the incoming Trump administration, which is expected to ease regulatory pressures and stimulate market confidence. Coupled with the growing institutional adoption of digital assets, these factors provide strong tailwinds for the crypto market, especially benefiting altcoins as investors seek higher yields in a more favorable economic landscape. Additionally, recent reports indicate that Bitcoin and ETH exchange-traded funds (ETFs) have seen substantial inflows, reflecting renewed interest and optimism in the market.
What to do now?
Here are three key strategies to capitalize on the potential altcoin season:
Diversify your portfolio with high-quality altcoins that have strong fundamentals and real-world utility
Set clear entry and exit points for each position to manage risk effectively
Stay informed about market trends and technical indicators to time your trades optimally
Remember that while altcoin seasons can bring substantial returns, they also come with higher volatility. Always invest what you can afford to lose and maintain a balanced risk management approach.
Some big-cap alts are in the extremely good price now: $ETH , $OP , $LDO