#BinanceHODLerTree #TOTAL3 | What's up with altcoins?
Before providing a game plan for Bitcoin and Ethereum, I suggest we take a look at a more important topic — the Market Capitalization of altcoins (#TOTAL3), which best reflects the overall state of the altcoin market ⬆️
The last time we looked at this index (link), I expected a correction a bit earlier, but the situation looks much better than anticipated. The thing is, we broke through an important resistance level — $930-970B, and now we just need to hold above it to continue the rally 🐂
➡️In terms of wave structure, everything fits perfectly, and the support zone is currently quite strong, so entering the market partially (by 30-40%) is not too early, but in case of a continued correction in August, I would leave some stablecoins for adding positions 👌
Altcoins are gaining strength. Holding above the support zone will be key to the next phase of the rally. For now — cautious participation with a clear mind and the intention to add lower, if the market provides such an opportunity
