🔥 $BTC High, Altcoins Sink: What's Happening? 🤔

When the price of Bitcoin ($BTC) soars while altcoins lose ground, this phenomenon is called "Bitcoin Dominance." Here's what it could mean for the market:

💡 What's Happening?

1️⃣ Investors Flock to BTC: Bitcoin is considered the "safe haven" of the crypto market. Its price growth often signals that capital is flowing from altcoins into Bitcoin.

2️⃣ Preparing for the Alt Season: Historically, after BTC strengthens, money starts to return to alts, causing them to rise sharply. This could be your chance. 🚀

3️⃣ Risk of Alt Depression: If $BTC continues to rise, altcoins may remain under pressure for some time.

⚡ What should traders do?

• Long-term investors: Use current prices to accumulate promising altcoins while they are “on the bottom”.

• Short-term traders: Watch for BTC dominance and reversal signals on altcoin charts. Signs of altcoin growth are a chance to enter the market.

Question for you: Are you ready for altcoins to rise? Or are you waiting for BTC to strengthen further? Write your thoughts below! 👇$BTC