The performance of altcoins ultimately depends on the trend of BTC.

The emergence of altcoin season has one prerequisite: the overall market does not experience a one-sided decline. As long as the market can maintain a sideways consolidation, even without an increase, it can provide support for altcoins.

For example, in the past few weeks, during the period of BTC's sideways fluctuations, altcoins generally showed a collective upward trend.

Therefore, I have been closely monitoring the pullback situation in the 91200 area on the BTC daily chart. If this area can form an effective rebound green candle, it at least indicates that there is a probability of an upward rebound in the market, which is a positive signal for the overall upward trend.

However, if it falls below this support range, then it is necessary to strengthen risk aversion in the short term to prevent greater downside risk in the market.

Once BTC shows a noticeable decline, very few assets in the market can rise independently.

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