Why do I always say altcoin season?

1. From the K-line and technical indicators

Looking at this 3-day K-line of Bitcoin's dominance, 1. It has broken the upward channel that started in June 2023, and has encountered resistance when retesting the midpoint; 2. The MACD indicator has strongly broken below the 0 line and is currently undergoing a recovery from the oversold condition.

This tells me from the indicators and K-line trends that Bitcoin's dominance is transitioning from prosperity to decline, so since it has come down, who will rise?

Now looking at the chart below, support and resistance are clear at a glance. Any rise or fall will not be a straight line; there will be bumps and fluctuations in between, but it does not affect the direction it should take.

2. From the perspective of historical patterns

Looking back at the last bull market in 20-21, Bitcoin rose from the end of September 2020 to December 2020, during which all DEFI coins were in correction, and most altcoins were stagnant, with Bitcoin standing out, rising from 10,000 to nearly double. Meanwhile, the leading DEFI coin UNI fell from a low of 8U to over 1U;

By February 2021, Bitcoin was approaching a peak of 60,000, while Ethereum was still hovering below 2000. You can review the K-line trends afterward and see that Ethereum doubled from 2200 to over 4000 in just two weeks.

We must recognize one thing: Bitcoin determines the overall trend of the crypto market, but! The rhythm and lifecycle of altcoins and Bitcoin are different.