#BTC why do they say it's altcoin season. First of all, you need to understand why altcoins have been falling. This is because BTC is in the range of 100,000, and when BTC exceeds 100,000, a pullback is expected, so BTC rises, and altcoins fall, and when BTC falls, altcoins fall even more! This creates a parallel decline for both BTC and altcoins. When BTC reaches a new high and does not fall below 100,000, the support level at 100,000 becomes a bottom out resistance level, and altcoins do not fall due to the rise in BTC, so later the following phenomenon may occur: rise in BTC, more rapid rise in altcoins (due to fluctuations), altcoins decouple from BTC, and BTC enters a sideways market, reminiscent of the situation in March, which often occurs in history. So, I'm saying it's altcoin season. Some ask me about the rise in interest rates in Japan, the immutability of the Federal Reserve in the USA, what to do. I already know that in March of the 23rd year, the Federal Reserve also did not lower interest rates, which led to a tenfold rise in Pepe. So it's the same old story, hold on to your coins and wait for March.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#BTC why do they say it's altcoin season. First of all, you need to understand why altcoins have been falling. This is because BTC is in the range of 100,000, and when BTC exceeds 100,000, a pullback is expected, so BTC rises, and altcoins fall, and when BTC falls, altcoins fall even more! This creates a parallel decline for both BTC and altcoins. When BTC reaches a new high and does not fall below 100,000, the support level at 100,000 becomes a bottom out resistance level, and altcoins do not fall due to the rise in BTC, so later the following phenomenon may occur: rise in BTC, more rapid rise in altcoins (due to fluctuations), altcoins decouple from BTC, and BTC enters a sideways market, reminiscent of the situation in March, which often occurs in history. So, I'm saying it's altcoin season. Some ask me about the rise in interest rates in Japan, the immutability of the Federal Reserve in the USA, what to do. I already know that in March of the 23rd year, the Federal Reserve also did not lower interest rates, which led to a tenfold rise in Pepe. So it's the same old story, hold on to your coins and wait for March.