📊 BTC BREAKOUT — BUT I'M NOT CALLING ALTSEASON YET
The crypto market has just experienced a major expansion.
BTC has broken above $70K.
ETH has reclaimed $2.2K.
$XRP and $SOL have also posted strong moves.
But here's the sequence I'm watching:
1️⃣ BTC holds its breakout
2️⃣ ETH continues outperforming
3️⃣ Large-cap alts reclaim resistance
4️⃣ Capital starts rotating into smaller alts
That's when I'd become much more interested in an actual altseason.
Until then, a lot of these moves could simply be beta following BTC + short covering.
BTC first. ETH second. Altcoins third.
$BTC $ETH #altcoins #crypto
The crypto market has just experienced a major expansion.
BTC has broken above $70K.
ETH has reclaimed $2.2K.
$XRP and $SOL have also posted strong moves.
But here's the sequence I'm watching:
1️⃣ BTC holds its breakout
2️⃣ ETH continues outperforming
3️⃣ Large-cap alts reclaim resistance
4️⃣ Capital starts rotating into smaller alts
That's when I'd become much more interested in an actual altseason.
Until then, a lot of these moves could simply be beta following BTC + short covering.
BTC first. ETH second. Altcoins third.
$BTC $ETH #altcoins #crypto