🔍 Altcoin Market Update:

1. Reasons for the simultaneous sharp decline of Altcoins:

Many Altcoins have dropped between 7% to 14% in the recent correction.

The main cause comes from the Bitcoin Dominance (BTCDOM) breaking the resistance trendline on the 1-hour timeframe.

2. The classic formula is repeating:

Bitcoin Dump + Strong Dominance Increase = Altcoin Liquidation

When BTC drops sharply, the capital tends to flow out of Altcoins, causing this group to decline even further.

At the same time, the strong increase of BTCDOM indicates that capital is flowing back into Bitcoin, putting more pressure on Altcoins.

3. Short-term advice for everyone:

Limit bottom fishing for Altcoins at this time if BTC.D has not cooled down.

Closely monitor the movements of BTC and Dominance for a more reasonable re-entry point.

This is not the time to hold coins. Everyone should still consider short trades to earn daily profits in preparation for the upcoming buying opportunity.