$BTC

BTC dominance is dumping hard 📉

Is this the start of an Altseason?

To be honest, the short answer is "No".

Alts were way too oversold, and this looks like a relief rally.

This doesn't mean it won't continue more, but this is not something like Q4 2024 or Q1 2024.

The market still hasn't fully switched to a risk-on environment and it won't happen until FED starts rate cuts and ends QT.

How long could this rally continue?

It'll mostly depend on ETH.

I think ETH could rally towards $2.8K-$3K in Q2, which means alts could rally 40%-60% from the current level.