🚨 Potential Downside Alert: $WIF and Altcoins 🚨

Here’s a clear example of the risks if $BTC revisits its previous lows, using $WIF as a case study. This isn't to single out $WIF, but its chart clearly illustrates the potential downside.

- 📉 Higher Beta Risk: Many altcoins and meme tokens are higher beta versions of $BTC. They tend to:

- Bounce harder on $BTC recoveries

- Fall harder during $BTC declines

- 🔄 Current WIF Trends:

- The bounce in WIF has pushed it back to its range highs

- It’s making a lower high on higher timeframes

- We’ve seen a triple bottom form just below its current price

- 📊 Potential Downside:

- If $BTC drops by 15% to revisit previous lows

- $WIF could experience a **40% decline** to test those triple lows

Many are viewing recent bounces as signs of strength, but it’s crucial to remember that altcoins and memes can react more intensely to $BTC movements. Keep an eye on these dynamics to manage your risk effectively!