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Don't remind me again today

Recently, those who have been monitoring the market should have felt it—certain alts' final sprint window may be quietly opening.



Let’s first talk about the market's condition. BTC has tested the bottom twice consecutively on the 4-hour level, and both previous lows have held. On the daily chart, it has formed a classic "double bottom" pattern, and it has recovered with volume. The signals revealed by this trend are very clear: in this cycle, BTC may be about to welcome the last decent rebound.

Once the market stabilizes, the opportunity for alts is often not far away.

Why is it worth paying attention to now? I have整理了三条线索:

**Funds are starting to flow back**
Many altcoin project teams actually hoarded a lot of BTC as reserves in the early stages. Recently, there was a wave of sharp declines, and many institutions and early investors concentrated on selling—just think about it, how could key support be broken without massive trading volume? Now that these project teams have taken profits from BTC and ETH, funds are starting to flow back into their own tokens. Look at the recently leading sectors; public chains and infrastructure in these hardcore tracks are performing strongly, and many alts have already detached from BTC to embark on independent trends. Even FIL, which was previously forgotten by the market, has started to show some movement again.

**The resistance to pulling up has noticeably lessened**
BTC was previously unable to rise, largely because large holders were continuously reducing their positions. Now that the selling pressure has been mostly released, the burden on the main players to push up prices has been directly reduced. Last night, BTC produced a solid bullish candle on the 4-hour chart, indicating what? The sell orders above in the market are no longer as dense as before.

**Independent market begins to emerge**
BTC-0.42%
ETH-0.85%
FIL-18.57%
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LayerZeroHerovip
· 11-08 07:51
Just take over and it's done!
View OriginalReply0
UnruggableChadvip
· 11-08 07:49
BTC is holding up altcoins to buy the dip, let's go!
View OriginalReply0
LiquidationWatchervip
· 11-08 07:49
It's the familiar prelude to a bull run again.
View OriginalReply0
DaoGovernanceOfficervip
· 11-08 07:48
*sigh* empirical data suggests another wave of governance dilution incoming...
Reply0
MondayYoloFridayCryvip
· 11-08 07:42
What? You've been trying to fool me for 4 years?
View OriginalReply0
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