In order to trade altcoins, it is recommended to check the movement of BTC dominance.
(BTC.D chart) BTC dominance gives you a rough idea of whether the money in the coin market is concentrated towards BTC or altcoins.
Therefore, in order to trade altcoins, it is recommended to proceed when BTC dominance is showing a decline.
Looking at the big picture of BTC dominance, it is expected to touch around 56.78-61.73.
Therefore, even if the current BTC dominance declines, it is expected to continue to rise eventually, so it is recommended to approach altcoins with day trading or short-term trading.
However, if you want to trade in the mid- to long-term, 1st: BTC 29K or less 2nd: BTC 32K-43K 3rd: Over 43K You can proceed with the split purchase in the first to third steps above.
The third period corresponds to the full-fledged buying season.
Therefore, when you are in the BTC 29K-32K range, it is a good idea to look for an altcoin you want to trade.
To do so, we need to find the support and resistance sections of the altcoins in the big picture and see what kind of movement they show in that section.
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