When the altcoin market takes a short break, attention can be redirected to $BTC . According to the mainstream/altcoin market chart, the altcoin market generally has a second wave, but if this wave of the altcoin market that has been rising since early July starts to correct from here, usually the second wave will not perform better than the first wave.
As for whether the altcoin market is about to start correcting or continue to rise, it can be judged through the data aspect. Firstly, the chip position of $ETH has already weakened, and from the historical chart of sector rotation, several leading sectors (#BNB Ecology @base, etc.) have begun to show signs of turning down from high points.
Leading sectors generally exhibit a series of high and low points first. When a leading sector reaches a high point, BTC will begin to sprint for new highs, and then rotate to altcoins, subsequently ending the wave market...
Data source: blave.org
