The Altcoin Season Index currently shows 83/100, indicating the beginning of altcoin season. 🚀
But are we really seeing the standard scenario where investors take profits at $BTC and redistribute funds into altcoins?
It seems that this is not entirely the case. Large institutional players continue to accumulate during dips, supporting $BTC .
Regarding the current market situation:
🔹 Above the current price, $BTC has formed a significant cluster of short sellers. The level of 101000 is the nearest target. However, 103600 looks like a potential liquidation point for huge volumes. The chances of moving higher are 50/50.
🔹 After that, expect an impulse move back to $95,000.
In such situations, it is essential to be extremely cautious: the market is currently prone to sharp, impulsive movements.
Trade wisely and earn!