The bullish trend in altcoins is already underway, but many still fail to interpret it correctly. Here is what is happening:
1. An uptrend does not mean that all trends go up at the same time
Although we are in a bull market for altcoins, not all of them will rise simultaneously and break their all-time highs.
If you look at the Binance futures market, you will notice that some altcoins are seeing rapid gains and reaching highs in one-day time frames.
However, other altcoins are experiencing pullbacks, although these pullbacks are less deep than their bullish movements.
2. Not all altcoins will participate in this trend
It is important to highlight that some altcoins will not rise, even in a bull market. In fact, some may tend to disappear due to lack of interest or solid fundamentals.
3. Evidence of the bullish trend
A clear sign that we are in a bullish season for altcoins is that their collateral, BTCDOMUSDT, is falling and breaking lows on daily timeframes. This indicates a capital outflow from Bitcoin to altcoins.
4. The challenge now
The key is to identify which altcoins have the greatest growth potential and determine an appropriate level of leverage to avoid being liquidated in possible pullbacks.
It is also essential to avoid those altcoins that show signs of weakness or that could disappear despite the bull market.
Conclusion:
The altcoin season is here, but it requires analysis and strategy. Follow my posts for more valuable information about cryptocurrencies and futures on Binance. Take advantage of this opportunity!
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