Today, let's talk about several questions that everyone is most concerned about:
Has the altcoin season arrived?
And which phase of the altcoin season are we currently in?
Before we dive deeper into the altcoin season, I would like to share a few important charts that are closely related to the altcoin season:
First, there's TOTAL2 — this chart tracks the overall altcoin market excluding Bitcoin. The price of TOTAL2 has successfully broken through a significant historical resistance level, which is a major bullish signal for the altcoin sector. With this breakout confirmed, any pullback or retracement should be viewed as a healthy adjustment and a new buying opportunity.
Next is Bitcoin Market Cap Dominance (BTC Dominance), this chart reflects Bitcoin's market cap dominance. We see that Bitcoin is climbing along this upward trend line in the chart. When Bitcoin's market cap dominance breaks below this upward trend line and faces a larger pullback, altcoins may perform better.
With these two charts for reference, we can draw a simple conclusion: the altcoin season has indeed arrived, and we are in the early stage of the altcoin season.
In the coming days, altcoins may experience a slight pullback; do not panic, follow me and I will share more quality altcoins again at that time.