The market value exchange rate of altcoins against BTC has returned to the level before the drop in BTC, but it still hasn't broken the original downtrend or reached higher highs;

Although altcoins are currently showing strong prices, this does not mean that the USD-pegged price of altcoins will be completely independent of BTC and the overall market direction;

Not following the decline does not equal independent growth, this needs to be understood first;

In my view, this is a sign that liquidity in the market is beginning to shift, and it often takes 2-3 months to complete the final shift, so the altcoin season has not arrived yet, but is on its way;

If market liquidity can start to grow again after May-June with the help of monetary policy, then that will be the moment the altcoin season arrives.

This is just personal analysis, please don't criticize if you disagree!!