Bitcoin (BTC.Dominance) has dropped far enough.

Now, the bullish bias is approaching a retracement zone between 57.89% and 57.31%, with weekly support at 56.23%.
In other words, we are very close to a potential retracement point. Also, a positive divergence will form on the daily chart once the bearish bias drops from 58% to 57%, as the RSI enters the oversold zone.

Expectation: We are likely to see a strong bullish bounce.
However, during this bounce, don't expect most of your coins to move positively, and some may continue to bleed.

The important thing is that after this rise (wave B) ends and the 62%-63% zone is targeted, what we are waiting for will begin: a strong altcoin rally.

Note: An altcoin rally actually occurs when the orange downtrend is broken on the weekly chart.

To clarify: When Bitcoin's ownership fell from 59% to 58%, Ethereum rose by 14%.
If ownership actually drops to 57%, this means that Ethereum ($ETH ) is likely to test the ~$5,000 area.
This is where profit-taking becomes crucial. If it gives us an additional 14% boost, the target would be $5,470.

$TAO
{spot}(TAOUSDT)
$LTC
{spot}(LTCUSDT)