#ALTS Index: Looks like we're entering altseason.
- The buy zone is clearly defined
- Buyer interest confirms this trend
- The daily chart shows a strong W-shaped reversal pattern
If $BTC experiences another setback, altcoins are more likely to show strength.
Key indicators to watch:
- Highcap altcoins paired with BTC on CEX
- Their increase will signify liquidity shifting from $BTC to alts
For ex: $SOL/BTC, $FTM/BTC, $LINK/BTC, etc.
Increasing volume will indicate the flow of liquidity.
In essence, we may only have a few days left (I really want to believe that).
Sentiment keeps talking about $52k on $BTC. It means people don't believe in pump. And pump happens exactly when people don't believe.

In the quote above, I initially anticipated a V-shaped reversal for $BTC, but later also considered a W-shaped reversal.
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I believe $56k marked the bottom. And as mentioned earlier, $52k won't be reached.
Ultimately, whether Bitcoin's chart shows a W-shaped or V-shaped reversal, the goal remains the same: consolidate above $67k to break free from the downtrend.
While some volatility in the blue zone may persist, I expect it to have minimal impact on altcoins.

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