Alternative Currency Pair (ALTS)/Bitcoin (Weekly) Chart:

Other alternative currencies are still struggling against the pair $BTC . This means that Bitcoin continues to grow, while alternative currencies cannot outperform it.

The positive side is that the recent weekly Heikin Ashi candle has turned green. If it closes green again this week, it will be very bullish for alternative currencies.

Resistance: To confirm, the resistance line near 0.14 must be broken as shown in the chart.

Support: It must maintain the support level of 0.11, otherwise we will see a drop towards the multi-year support area of 0.07 where we could see strong buying.

Summary: If you hold alternative currencies, you need to understand the relationship between alternative currencies and Bitcoin. This does not mean that alternative currencies will also decline against USDT. If Bitcoin surpasses its all-time high and quickly jumps to $130,000, we may see some weakness in the alternative currency pair against Bitcoin.

This also does not mean selling alternative currencies; this is a good area to accumulate your favorite alternative currencies in two phases, now and upon a 25% correction.

If you wait for the bottom, there is a chance that you will miss an opportunity like $ETH

from $1400 to $2700.