ETH/BTC Khaneghah underscores that ETH/BTC is a helpful barometer for broader altcoin sentiment: "The best altcoin plays happen when ETH/BTC stops trending downwards because the market confidence in alts returns here.” When Ethereum is outperforming Bitcoin or stabilizing against it, it generally sparks confidence that altcoins could experience rallies, often referred to as "altseason.” SOL/BTC Khaneghah also shines a spotlight on SOL/BTC, suggesting that Solana’s performance relative to Bitcoin could reshape altcoin capital rotation: "I don’t normally look at this but a comparison helps decide if the money rotation has a better reward within the SOL ecosystem or ETH.
According to his view: “This decides what stage of the bull run we’re in.– Breaks above ATH resume the bull run – Consolidation below ATH -> Altcoins enter accumulation zones – Major structural breaks -> Time to turn bearish” He suggests traders begin by determining which of three market environments Bitcoin is in: a raging bull market, a consolidation phase, or a structural downturn.
When TOTAL2 breaks out, look for longs on the strongest altcoins, rotate out of Bitcoin, and shift capital into alts again.” He stresses that the highest probability trades come from identifying moments when the market rotates away from Bitcoin.
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