Monday... a tough day, and the market today is extremely atypical for the beginning of the week. That's why all the "altseason prophets" have popped up again, claiming that the rise started "yesterday" and from here on it's only rockets 🚀
Personally, I'm still looking towards a further pullback. I still don't understand where serious money should come from for mass inflows into crypto — and especially into altcoins. If there will be a capital influx, it will primarily be into BTC and with an eye on the long term.
Before this, it makes sense to bring the price down either to the cost of mining or to the average purchase price of large funds. At the moment, this zone is approximately 70–75, and the actual price is still noticeably higher.
A transfer from Bitcoin to altcoins is only possible after a strong pump of BTC and a simultaneous "liquidation" of altcoins at the bottom. In my feeling — now is simply not the time for that.
For now, I observe and do not succumb to euphoria.
As always — risk control and DYOR.
