Many brothers have asked me, when will the altcoins welcome a rotation market?
Continue to carve the boat, as historical patterns show that while ETH doesn't often lead the rise, once it starts, it will accelerate. The current market rotation pace may be faster than expected. Bitcoin's dominance (BTC Dominance) has shown signs of stagnation at high levels.
Careful brothers have also noticed that a key signal has appeared: the ETH/BTC exchange rate has just rebounded from the cycle low. Similar historical situations are worth paying attention to — (1) the end of 2023 and (2) May of this year, when BTC dominance fell, the ETH/BTC exchange rate saw a significant surge.
The current market may be constructing a temporary peak for BTC dominance.
⚠️ But key prerequisites must be met:
Bitcoin must effectively break through its historical high (ATH) and stabilize, rather than spiking and falling back. This will become the first domino that triggers the rotation market for ETH and altcoins.
What is mentioned above is merely carving the boat, but this round of altcoins will not experience a general rise; the altcoin season only belongs to a small number of quality altcoins and new narratives.