As ETH is now testing the high of $4k which is the crucial level of resistance, we are seeing the BTC dominance collapsing and retesting crucial support here.
Based on the aggressiveness of the drop, I think there is only small chance that the support of BTC dominance can hold above 60.5% again.
Capital is now rotating aggressively to the lower risk curve and that's why we have the altcoins rally.
- Market is now pricing in on 3 rate cut this year
- We are now entering the most bullish period of crypto in US
- Trump is pushing so hard right now for the market to have rally.
Position yourself accordingly. Btw, this is not like the altseason in 2021 or 2017 where all altcoins are having rally. So make sure to have exposure only in the hottest altcoins right now.