Observing the ETH/BTC trading pair, ETH has shown signs of a rebound over the past two days. If this signal continues to strengthen, the possibility of altcoins gaining momentum will increase. Currently, BTC's market cap percentage is declining, having previously exceeded 60%, and now it has roughly fallen back to around 57%.
In fact, this is a good thing because if BTC continues to hold a high percentage, then the siphoning effect on altcoins will be quite severe, and the entire bull market may temporarily fall into a state dominated only by BTC.
As the saying goes, "When a whale falls, all things thrive," so we need to continuously monitor the rebound situation here and observe its continuity. If ETH can break through the bottom consolidation and rise above 3000, then a gradual explosion of altcoins will become possible. Currently, we have raised the mid-term target for BTC to 79635, the target for BNB to 635, the target for ETH to 3085, and the price for BTC is yet to be determined.
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