$BTC $ETH $SOL We look at an important indicator, which is the ETH to BTC exchange rate. This indicator is very critical and can help us determine whether the altcoin season is about to arrive.

From historical trends, the exchange rate of Ethereum to BTC tends to gradually stop falling and rebound every time it drops to a certain extent (about breaking below the rising trend by around 70%).

Currently, we are seeing a rebound starting at a similar position, but the probability of a direct V-shaped reversal is relatively low. It is more likely to be similar to 2019, where it first surges and then retraces before confirming the upward trend.

The market is currently in a typical extreme game state, with both bulls and bears betting real money on the future direction of the market. This state indicates that the market is likely to experience more intense fluctuations.

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