I originally expected that after the weekend $BTC entered a high-level fluctuation, altcoins would welcome a nice rebound, but it seems I was too hasty.

When I woke up in the morning and took a glance at my position, I found it had pulled back a bit, which made me feel something was off, so I opened the altcoin market cap chart.

In the chart, the area around 930b is a left-side neckline position (the support and resistance exchange has been completed), and it is normal to see pressure here. This area determines whether altcoins are currently at the 'upper limit' or 'lower limit'.

If 930b breaks through, altcoins are expected to welcome a small bull run, at least most altcoins will have a chance. Otherwise, this is the short-term peak!

Do you remember the incredibly strong $MAGIC from a few days ago? I am still nearly double away from breaking even, so I hope more than anyone that the altcoin season arrives!