In the current cryptocurrency market landscape, Bitcoin (the big pancake) has demonstrated strong dominance, with its leading position in the entire crypto market rising to the highest point in four years, consistently maintaining a quite considerable range of 63% to 66%. From a market analysis perspective, this is already in a relatively high area.
By closely observing the 4-hour chart of the indicator representing Bitcoin's dominance (btc.d), it is not difficult to find that its trend is gradually outlining a near 'diagonal' shape. Based on rich market experience, this trend seems to be nearing its end. At this moment, I am closely monitoring a key yellow trend line; once it is effectively broken, it is very likely to signify that the cryptocurrency market will officially enter the 'altseason,' a period when various cryptocurrencies begin to open strong upward channels.
It is worth mentioning that despite Bitcoin's strong performance and dominance in the market, the cryptocurrency CRV is still showing outstanding performance in the current market environment. This phenomenon is quite surprising and also leads to speculation: if Bitcoin's dominance peaks and declines, causing a shift in the market landscape, CRV is likely to exhibit even more impressive performance in the subsequent market trends.
It is not an exaggeration to predict that once the 'altseason' truly arrives, with changes in market heat and capital flow, given CRV's current development trend and market potential, it is quite possible for it to achieve a significant price leap within just a few weeks, breaking through the $4 threshold, and even creating more considerable gains.