BTC.D represents the market cap of Bitcoin, TOTAL3 represents the total market cap of altcoins. If the market cap of Bitcoin decreases while the total market cap of altcoins (using the first method) breaks through a resistance level, it indicates that the subsequent altcoin trends will improve. The market cap of Bitcoin is about to touch the ascending trend line; if it breaks below here while the total market cap of altcoins continues to rise, the altcoin season is approaching. Therefore, what we are waiting for next is a pullback to go long and select some quality altcoins for investment.

TOTAL3 represents the total market capitalization of all cryptocurrencies (i.e., altcoins) excluding Bitcoin (BTC) and Ethereum (ETH). This metric can roughly indicate the direction of altcoins, and from what I see currently, it is likely that we will soon welcome the altcoin season that everyone is looking forward to.

So, there are 3 perspectives on the altcoin season that we should pay attention to:
1. Direct breakout, then a surge towards 950B
2. A pullback to the lower support level, 4h ascending trend line, then a rally
3. A deep pullback, 1D ascending trend line, support at previous lows

In summary, I believe the third scenario will not occur. Personally, I am more optimistic about a pullback followed by a direct start to the altcoin season. I don't know why, just a gut feeling 🤭#山寨季