Alt season is not coming (yet)..
Analyzing Fibonacci levels and trading volumes, it doesn’t look like an alt season is imminent. For now, a monthly close above resistance seems necessary, and as 
BTCUSDT rises, Bitcoin dominance will likely increase. While this might lead to some minor gains in altcoins, they’re unlikely to be substantial.
Two scenarios could unfold:
1. Short Alt Spring: Bitcoin sees a sharp rise followed by a short decline. This could bring a brief uptick for altcoins, but they would then experience a period of stagnation ("bleeding") before a full-scale alt season arrives.
2. Delayed Super Alt Season: A more robust alt season could happen directly, though with a slight delay.
Check the “golden pocket” (between the yellow Fibonacci levels) for crucial resistance and support zones.
Aside from technicals, consider the macroeconomic context: the Fed’s potential rate cuts and quantitative easing are expected to take time, meaning that a significant increase in money supply could be delayed.
Remember to do your own research (DYOR)! NFA.
BTCUSDT rises, Bitcoin dominance will likely increase. While this might lead to some minor gains in altcoins, they’re unlikely to be substantial.Two scenarios could unfold:
1. Short Alt Spring: Bitcoin sees a sharp rise followed by a short decline. This could bring a brief uptick for altcoins, but they would then experience a period of stagnation ("bleeding") before a full-scale alt season arrives.
2. Delayed Super Alt Season: A more robust alt season could happen directly, though with a slight delay.
Check the “golden pocket” (between the yellow Fibonacci levels) for crucial resistance and support zones.
Aside from technicals, consider the macroeconomic context: the Fed’s potential rate cuts and quantitative easing are expected to take time, meaning that a significant increase in money supply could be delayed.
Remember to do your own research (DYOR)! NFA.
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