$BTC up against the first real resistance level since our rise and while I am INCREDIBLY bullish on
$BTC I know shallow pullbacks are healthy and will occur on our rise to the promised land (new ATH). A pullback here will affect ALTS. How you may ask? Read on young degen...
Every alt is different. Some currently sitting on major support, others are up against significant resistance. On this pullback/consolidation if/when we get it, expect those alts that sit on HTF support and or are in generally bullish consolidations to take advantage of the sideways/chop on BTC to potentially make some moves to the upside. Meanwhile, expect alts that are at resistance to fall along with BTC and get drained during BTC's consolidation- sacrificing their (short term) lives and energy for the greater good that is King Bitcoin.
Once BTC completes its next low timeframe consolidation phase/correction, expect it to once again take the spotlight and send BTC dominance to new local highs as it continues its path to the promised land.
If you want more context on the above and the path that
$BTC may be taking here, watch the vid in my pinned tweet where I go in more depth about this all, and stay tuned for the next vid which is on the horizon...