The emergence of the alt season is still tied to BTC
If the alt season is to come, the market must not have a unilateral downward trend. Even if there is no rise, just sideways is enough.
The situation in the past few weeks is a clear proof. At that time, when BTC was sideways, altcoins rose together.
Therefore, I have been paying close attention to the retracement of the 91200 area of the daily K. If a highly effective green K appears here, there is at least a possibility of rebounding upward again, which is a good sign for the overall upward trend.
If this area falls below, risk aversion is inevitable in the short term to prevent the market from plummeting.
If BTC collapses, there will be few survivors.
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