This morning, altcoins surged, marking a strong start to July's market.
Markets are born out of despair, so let's remain optimistic about the arrival of altcoin season.
We are positioning ourselves in beta assets like BTC/ETH/SOL and blue-chip DeFi, as well as in alpha assets that benefit from the "CLARITY Act" and the "AGI Awakening" moment.
We are here to make money, not to debate.
The correctness of long and short views will be validated by the profit and loss ratio in July's accounts.
Has the altcoin season arrived or not?
Let's take a look at various data before drawing conclusions👀
1⃣ Bitcoin's performance this year shows a V-shaped recovery structure, bottoming out in early April and quickly rebounding, reaching a new ATH in June. Meanwhile, the altcoin index has displayed an A-B-C three-wave structure this year, with wave C aggressively crashing down to nearly 0.011, its historical low.
According to this Dune chart, altcoins have long entered the oversold phase of selling off and are at the best historical buying window🧵👇
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