Three indicators to determine when the altcoin bull market will come
1. BTC dominance
The current market share of Bitcoin is 53%, a multi-year high
The next level to watch is about 58-60%
This range has previously served as a support and resistance area
BTC.D will reach the peak of the cycle and begin to fall back
Capital will turn to SOL,ETH → mainstream coins → altcoins
2. ETH/BTC
ETH has been performing poorly since December 2021
When ETH/BTC When the bottom is reached and the bullish trend begins to rise
The rising phase of the alt market cycle begins
3. Stablecoin inflow
A key indicator of on-chain data is stablecoin inflow
The influx of stablecoins usually drives the momentum of altcoins
Pay close attention to the issuance of USDT on the chain, which represents a very good bottom-fishing sentiment
Intraday observation: BOME, QKC, RIF, BCH....
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