From a broader perspective, this growth is unlikely to signify an alt season. On the daily chart, a pullback to 4.5% is expected, which could indicate Bitcoin's return to 92K or even 89K. However, altcoins have shown that they are not far from their price floor and may follow a path somewhat independent of Bitcoin 📈
In the analysis of the "Others" chart, we can see that with this consolidation around the 330-340 range, there's a possibility of reaching 360. It can be said that in the next few days or upcoming candles, altcoins are likely to turn green 📈.
NOTE: my charts are reverse
The previous prediction turned out to be correct sooner than expected, and now Tether's dominance could see a drop of 4% initially and then 3.9%. This is assuming Bitcoin doesn't lose its current support at 96K. Considering that yesterday's daily candle closed above 96K, this expectation seems reasonable. Let's see what happens 📉
NOTE: my charts are reverse :)
