Let's move on to altcoins. When will the long-awaited altseason finally begin?

We continue to "carve" the Fibonacci levels of 61.8% and 78.6%. Another consolidation is possible. Be prepared for a possible touch of the $65 level in altcoin market capitalization – this is quite plausible.

This means we have a chance to buy altcoins during a good squeeze and take our 2-3x on a bounce within 2-3 weeks! This kind of trading is currently predominant: buying on the dip, waiting, and taking profit.

Regarding the long term, some coins have the potential to make x's. In previous videos, I talked about such projects. For example, Cardano (ADA) looks more attractive in the long term compared to many other coins with high inflation.

Currently, the key levels for me regarding Bitcoin dominance are those zones where I will personally make purchases of altcoins for a speculative bounce of 2-3x.

We broke the descending pattern in dominance, but it can still be valid even upon touching the lower boundary. I expect further declines in Bitcoin dominance, which will be a green light for altcoin growth.

In terms of altcoin market capitalization, we see a breakout from the "head and shoulders" pattern, a retest, and the achievement of the first Fibonacci targets. We are currently in a key zone, and losing the upward trend would be unpleasant, signaling further correction. However, as I mentioned in previous videos, I explained why we might still "float" in the execution of this pattern for a while longer, and my medium-term target is higher.

Many do not believe in the growth of altcoins right now, repeating the mantra "Sell in May and go away." This rule is more applicable to the stock market. In the crypto market, everything can turn around at any moment, especially when most do not believe in continued growth.

Many are asking about the "bear market." But isn't what we've been observing for the past year and a half with most altcoins a bearish trend? The majority of altcoins are stagnating, despite expectations for a bullish cycle.

The key to altseason is Bitcoin dominance. Once it starts to correct, we will see altcoin growth. An ideal scenario would be a decline in dominance to the 54-52% range – it is usually after this zone that parabolic growth of altcoins begins.

The RSI analysis of Bitcoin dominance shows a bearish divergence on the daily chart and overbought conditions on the weekly timeframe, indicating an upcoming correction. On the monthly chart, dominance is near peak values, after which a bottom for altcoins typically follows.

However, the situation with altcoin market capitalization is different. We are in the same RSI zone as before the explosive growth after the last crypto winter, and now we see an increase in volumes, which is a good confirming signal for an imminent reversal. There is still room for local correction on the daily and weekly charts, which I will use to accumulate strong altcoins.

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