Will Bitcoin Continue Its Short-Term Rally or Yield the Stage to Altcoins?
The current market phase is particularly fascinating. Bitcoin (BTC) has maintained a consistent upward trajectory for several weeks, rising from $61,000 to $102,000. However, after this strong rally, BTC is now moving sideways within a wide range around $120,000. This range presents significant risks for traders, as stop-losses can easily be triggered in both long and short positions.
Overall Analysis:
BTC remains in a robust upward structure on larger timeframes such as the 3-month or 1-month cycles. However, on shorter timeframes like D1 and below, BTC is showing a lack of clear trend, either declining or moving sideways.
In the short term, BTC is expected to make a push toward $105,000 before pulling back to $88,000. After this correction, it is likely to resume its growth in alignment with its larger cycle structure.
BTC.D and Market Capitalization Outlook:
Looking at BTC Dominance (BTC.D), it is expected to return to the 52%-53% range on the W timeframe. However, it’s important to note that total market capitalization (Total) continues to show positive growth signals. Currently at $3.57 trillion, the total market cap is anticipated to reach $4 trillion in the near future. This implies that a decrease in BTC.D might not significantly impact BTC’s price.
At the same time, Total 3 (Altcoin Market Cap) is also on an upward trajectory. From its current level of $1.07 trillion, Total 3 is expected to hit $1.5 trillion soon. This strengthens the possibility of an Altcoin Season, as funds start flowing from BTC to altcoins.
Proposed Strategy:
In this context, when BTC undergoes a correction, investors should seize the opportunity to filter their portfolios, accumulate promising altcoins, and prepare to take profits as altcoins reach their peaks. This could be the golden moment to maximize gains from the market
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