Bitcoin (BTC) dominance has fallen close to its key support (40-42%), which could indicate the start of an altseason. Altcoins with strong narratives like DeFi and Layer 2 are gaining traction as BTC consolidates.
However, if BTC bounces at this support, we could see a pullback in altcoins before the market fully explodes. Watch BTC dominance, ALT/BTC pairs, and the fear and greed index.
We are in an early phase of altseason, but pullbacks are part of the cycle. Diversify and stay alert to key movements.
