Altcoins Market Review

The overall market still looks solid. Yes, it’s choppy right now — but zoom out, and you'll see July was a strong month. A pullback after an upward move is not only expected, it’s actually healthy.

Here’s what usually happens in this phase:

• Late longs get liquidated

• Some traders get frustrated and exit

• Others try to trade every chop on lower timeframes, constantly switching their bias and taking unnecessary losses

My focus is on August’s monthly open levels. Remember when July began? The market dropped in the first two days — then reversed with a strong rally.

Right now, Ethereum is trading above its monthly open, while most altcoins are still below. If those altcoins reclaim their monthly opens, I believe we could see another leg up.

This is not a lower timeframe analysis — it’s a higher timeframe perspective. The chop and liquidations will continue on the lower timeframes. But the bigger picture remains intact.

#altcoins #altaeason #Notcoin #USFedBTCReserve #BuiltonSolayer