The relationship between the alt season and the trend of BTC
The alt season we have been looking forward to depends mainly on the situation of BTC.
If we want to have an alt season, first of all, the market cannot keep falling unilaterally. Even if it does not rise, as long as it can stabilize and stay sideways, it is possible to usher in the alt season. Just like a few weeks ago, as long as BTC went sideways, those altcoins rose along with it.
So I have been keeping an eye on the 91200 area on the BTC daily K-line chart. If a relatively obvious rising green column appears when the price falls back to this point, it means that it may start to rebound again, which is a good sign for the overall upward momentum.
But if this key point is broken, then everyone has to be careful in the short term and find a place to take shelter quickly, otherwise once the market collapses, it will be like an avalanche, and few altcoins will be able to withstand it, and they will all suffer. #BTC #ETH🔥🔥🔥🔥🔥🔥