Here we need to clarify several points, in my caution article I explained why you should be careful this January, now I explain what must happen for the alt season to be generated
The dominance of Bitcoin must drop below 55%
$BTC must show strength, in the area where it is it shows no strength, above 100k it would give us that possibility
The dominance of USDT must decrease, it is currently showing strength despite the news
#TOTAL2 must show strength, currently on the daily it is showing weakness making lower lows and lower highs
Wait for the market to also show signs of strength and the SP500 is not giving that, it is even forming a bearish structure on the daily indicating correction
Wait for Powel's report that helps increase liquidity in the market and security for investors
Remember that the alt season occurs in a short period of time where it explodes over a 3-month period in a parabolic manner and then starts to decline, but for this to happen market conditions must be met, when this happens we can enter altcoins, go with the movement, and take profits. Remember that graphically altcoins only rise in a very short time frame, are we at the doors of alt season? I say we need to wait, stay alert, and have liquidity on hand
