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The current state of the crypto market is presenting an exciting opportunity for altcoins . Bitcoin is consolidating in a tight sideways range, and as seasoned traders know, this is when ALTs tend to rally. While the temptation to dive into the altcoin market grows, it’s important to remember the broader picture—Bitcoin has historically shown its strongest performance in the fourth quarter, and this cycle is likely no different.Right now, we are witnessing typical crypto market behavior.
Another promising sign is the On-Balance Volume , which is trending above the white moving average, with the MA starting to angle upward. On the 4-hour timeframe, the TBO Slow line is curling upward as well, giving early signs of potential bullish momentum. Still, short-term timeframes like the 4-hour chart can be unreliable, so caution is advised.Ethereum is finally showing signs of life after months of painful drawdowns.
That said, some of these coins have pumped significantly, and while shorting the top might seem tempting, it’s often safer and more profitable in the long term to buy the dip on coins that show strong bullish potential.While the altcoin market is showing explosive growth today, it’s crucial to keep an eye on Bitcoin. BTC remains unstable within its current price range, and the fact that altcoins are rallying indicates that the market is growing impatient for profits.
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