You will see what many people do not see; analyzing BTC or any coin does not mean just staring at its chart.
KEY ISSUE:
1. You must analyze the cash flow (chart on tradingview search: CRYPTOCAP: TOTAL), this is the first thing to do before activating the chart of any coin. This will help us know whether new capital is flowing into the market or not. Currently, we see market capitalization increasing steadily, meaning new investors are appearing and money is being poured into the market, not just a few people sitting together at the peak.
2. Bitcoin dominance (BTC.D) percentage of BTC market capitalization compared to the total market decreasing or increasing, decreasing while the BTC price remains strong is excellent (the article below discusses BTC dominance).
3. % Market capitalization of Altcoins (also note USDT market capitalization because there will be cases where investors take profits from both BTC and altcoins into $), the total market is 100% which includes the % market capitalization of Altcoins and BTC.
+ When new capital flows into the market, this is an ideal case because it will pull the entire market up. If capital flows into altcoins faster and more than into BTC, the BTC price will still increase, but BTC dominance will decrease. If BTC dominance increases, that means capital is being withdrawn from altcoins and poured into BTC, making it difficult for altcoins to rise strongly. So when will the altcoin season come? This is the crucial moment; it is when BTC is moving sideways and BTC dominance decreases, which is the altcoin season now.
+ If capital is withdrawn from altcoins faster and more than from BTC, it will cause the BTC price to drop, but BTC dominance will increase.
Practical example: Currently, we see the BTC market capitalization percentage decreasing steadily, but the BTC price is not dropping and is moving sideways in the range of $95,000 - $102,000. At that point, we can confirm that altcoins will take off, and in reality, altcoins are soaring.
At this moment, I advise you to buy AI coins.
2. #WLDUSDT
3. #IQ
4. #lpt
#altcoin
Best regards, let's win.