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Altcoin Market Continues Downtrend Against Bitcoin

  • The altcoin market continues to experience a downtrend against Bitcoin according to the TOTAL3/BTC weekly chart.
  • Daan suggests that extreme macro conditions like mass money printing, quantitative easing, or significant interest rate cuts may be necessary to trigger a sustained turnaround.
  • Daan expresses uncertainty about what would be needed to reverse the trend for more than a temporary bounce.
  • Altcoin investors are advised to be selective and strategic as broad exposure to underperforming tokens can lead to significant losses compared to Bitcoin.
  • The current market environment does not support a widespread altcoin rally similar to previous cycles like 2021.
  • A descending wedge pattern is observed in the TOTAL3/BTC ratio chart, with the market testing the lower boundary near historical support.
  • Altcoins are cautioned to remain cautious relative to Bitcoin until a clear breakout or significant macro shifts occur.

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