Looks like the market is showing early signs of altseason:
- Altcoins have started to show strength
- $BTC dominance is trending downward
- Normies are buying highcaps from 2017
The market is becoming increasingly euphoric, leading to heightened anxiety over even minor declines.
What does this mean?
During every minor shakeout, many will sell altcoins to secure profits, allowing the market to weed out weak hands (it's good).
Think $BTC will slow down after today's $95,000 drop, as I saw a clear overflow of money into altcoins today, evidenced by $ETH's performance.
Accordingly, we can forget about $BTC for a couple of weeks, it will be a saw in the $90-$100k zone.
➜ Focus should be on alts and BTC dominance.
There is a very high probability that in the next few days we will see a strong pump on many altcoins.
But will this be the massive altseason?
- It's hard to say for sure, but I'm considering the possibility that the full-scale altseason might not begin until the end of January.
But I'm holding my positions, and it's too early to discuss selling.
remember what I said in 10 November 2024👇
The market is becoming euphoric, yet most people remain bearish.
