The total market value of altcoins (excluding the top ten cryptocurrencies) is around $250 billion, forming a head-and-shoulders bottom pattern. If Bitcoin does not quickly reach a new high, altcoins may only see a rebound instead of entering an 'altcoin season'.
In the short term, opportunities in altcoins can be monitored, but it is necessary to observe whether Bitcoin breaks through $112,000. If Bitcoin further rises to $120,000, funds may flow back into altcoins, and at that time, 'altcoin season' may begin. #BTC再创新高
