The market value exchange rate of altcoins is showing a bearish engulfing pattern as the weekly close approaches.

Bitcoin has reached a new high, yet the exchange rate of altcoins relative to Bitcoin is still on a downward trend, which is quite frustrating.

Whether the key level of 0.75 can be broken upwards will directly determine if the altcoin season will continue. If the exchange rate between altcoins and Bitcoin continues to decline from here, the difficult situation experienced in the first half of 2024 may reappear.

Based on this, whether for long-term or short-term investments, it is recommended to gradually reduce positions in profitable altcoins this week.

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