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๐จ Are we really in the altcoin season? Or was the rise just a trap?
After weeks of strong increases in alternative coin prices, we are witnessing today a natural and expected correction in the market. At the same time, the Bitcoin dominance index (BTC.D) shows some upward recovery after a sharp declineโฆ but ๐
๐ Technically, this rise appears to be closer to a temporary retracement ( within a downward trend, and we may see a resumption of the decline towards 58% levels soon.
๐ฏ Personally, I see that alternative currencies still have a large room for growth, and they have not yet received their full share of market momentum, especially after the strong performance of some of them recently.
โ ๏ธ As usual... we will hear from some "top analysts" who said yesterday "to the moon ๐", and today they come back saying: "the rise was a trap, and the market will continue to drop!" ๐
๐ก Stay aware... and understand where the liquidity is actually moving.
The market does not forgive latecomers.
)CryptoMaxx #BTCdominance