Altseason is not cancelled

Altcoins are positioned to increase their dominance in case BTC initiates price discovery.

Note

BTC dominance indicates market readiness for rotation, potentially into altcoins, if BTC dominance retraces due to its relative weakness not weakness.

Note

ETH/BTC retrace to levels wehere ETH potentially can regaining strength, gives additional confluence for altseason possibility.

Note

Stables dominance loosing uptrend can fuel risk-on environment, favoring altcoin strength.

Note

Altcoin marketcap is being compressed between resistance and consistent higher lows indicating the market will make its decision soon. Technically charts favor breakout to upside.

Note

Small cap strength could give fundamental backing to brewing risk-on environment, however the volume at the moment does not look promising regarding favoring the resistance break. However, the structure seems to be showing market may be in reaccumulating.

Note

Dollar is at potential resistance and retracement could give crypto some additional liquidity needed for BTC to enter price discovery and allowing for altcoins to follow.

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