Crypto Analyst Josh discusses the current state of altcoins, noting that not much has changed over the past several weeks.
He points out that while global liquidity has increased, there's a significant divergence between crypto liquidity, global liquidity, Bitcoin, and altcoin market caps.
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He explains that Bitcoin dominance continues to reach new highs, making it a risky time to invest heavily in altcoins.
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He suggests that Bitcoin will likely recover first before any significant movement in altcoins occurs.
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Josh notes that many altcoins are showing bearish trends, with prices consistently making lower highs and lower lows.
Josh warns that if there's a recession coming, altcoins could perform even worse than they are now.
He advises that if someone believes a recession is inevitable, it might be better to wait and buy altcoins when prices are lower, rather than holding them through a potential downturn.
Josh concludes by emphasizing the importance of having a clear plan when investing in altcoins. He suggests that it's often better to wait for signs of strength or consolidation in altcoin prices before investing, rather than trying to guess the bottom of the market.
