About Altcoin Season:
We need to recall and review that historically, all market trends do not happen overnight. Main funds will not give money to retail investors for free; pullbacks and fluctuations are inevitable seasonings in the entire upward trend. Enjoy it!
Look at the #BTCDOMINANCE indicator. The moving average settings are EMA21, MA30, MA60, MA120; the level is daily. The lines drawn along the way are trend lines that have not changed.
Now look at #TOTAL3
The level is a larger three-day level, with moving averages in a fully bullish arrangement; structurally, it has broken out of the consolidation range, reaching the highest point of the last cycle.
These two charts objectively prove the arrival of altcoin season, rather than our subjective judgment.
The characteristic of altcoins is high volatility; they rise quickly and sharply, with short-term movements far exceeding Bitcoin. The same goes for declines. Thus, during the pullback phase, holding altcoins can feel quite painful, but don't forget, during the crazy surge, it is you who hold altcoins that look down on those holding Bitcoin! Gains and losses are just two sides of the same coin.
Could we be wrong? It's possible, but the probability is low. Still, it's the same saying: "We trade based on high probabilities!"