Although during this period we are still mainly analyzing the overall market, it is only to see the general trend. The current cycle is about to rotate, so personally, for reasons of cost-effectiveness, I will not hold any BTC positions. Below is the analysis of altcoins:

1. Looking at the first screenshot, the BTC dominance is about to reach the level where altcoin season appeared in 2021, which is just over 65%, and it should collapse soon, with one last upward push. The initial rise of the altcoins should also be a bloodsucking phase, so I have always said that a major altcoin season may not appear until the end of May or early June. There is a red arrow in the image that indicates the approximate peak of the altcoin season, and I have set an alert, which is that small white arrow.

2. Looking at the second image, altcoins have already received support at the monthly level, and the monthly K line has a deep dragonfly doji, so now we just need to patiently wait for the BTC dominance to collapse.