While Bitcoin (BTC) takes a breather and consolidates its gains near $119,000, the real party seems to be starting in the world of Altcoins. Yes, you read that right: the altcoin season could be here! 🥳

Bitcoin, after breaking historical highs of $123,000, is in 'wait and see' mode. Traders are on edge due to liquidation levels, and many are wondering if BTC will reach $150,000 as expected. There is even a CME gap at $114,000 that could attract the price if things get ugly. An analyst, CrypNuevo, has already raised the alarm: the 'wicks' point upward, but the price is not advancing, a sign that the big players are creating short positions! 📉 Be cautious with that liquidation level at $115,300!

But the crux of the matter is that, while BTC cools down, money is flowing towards alternatives. Bitcoin's dominance over the market has plummeted, falling from 66% to nearly 60% in a week. It's the biggest drop in years! 🤯

And who are the main players? Ethereum (ETH) and XRP are leading the pack. ETH has already broken the $3,750 barrier, its highest in seven months! 🚀 Many believe this is just the beginning and that the real surge for the rest of the altcoins is yet to come. Some analysts like Michaël van de Poppe say that, although ETH has already soared, many altcoins are still between 50% and 80% below their highs from December 2024, which means a brutal upside potential! 📈

But not everything is rosy. BTC reserves on exchanges are increasing, and that could be a sign that investors are taking profits and distributing, which, according to CryptoQuant, could indicate a possible correction. Whales are also moving their BTC to the exchanges, a signal to pay attention to! 🐳

Meanwhile, in the macro world, pressure on Fed Chair Jerome Powell remains strong to cut interest rates, but with inflation and solid economic data, the odds of a cut in July are almost zero. 📊 This could also influence the mood of the crypto market!

So, while Bitcoin consolidates, are we really entering the golden age of altcoins? Or is it a trap set by market makers? Only time will tell! Stay tuned, because this market keeps surprising us.$BTC $ETH $SOL