Altcoin Market: Still in No-Man’s Land
Josh keeps it simple: the altcoin market is still stuck, and trying to outguess it right now is risky. Bitcoin dominance continues to climb, and there’s no strong signal to rotate into alts yet.
📉 The Current Setup:
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BTC dominance is surging — now pushing toward 70%+.
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Altcoin charts across the board still show lower lows, weak trends, and zero follow-through.
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ETH and SOL are trying to form bottoming structures, but they need more time.
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Most altcoins are still far below their 20-day EMAs — no technical momentum yet.
💡 Trading Takeaways:
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BTC is still king — if you’re trading, stay focused on strength.
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Josh suggests waiting until BTC closes above $86K on daily and weekly timeframes before even thinking about altcoin rotations.
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Curve, Tron, and Popcat are the only names showing real relative strength. The rest? Still fading.
🔍 Macro View:
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Liquidity remains tight, but reverse repo funds are being drained fast. If that hits zero, emergency Fed support could trigger a bounce — but that hasn’t happened yet.
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Until BTC breaks out decisively, alts will remain correlated but underperforming.
Josh’s Final Thought: Sit tight. Don’t force trades. Let the charts guide you — and be ready when setups finally emerge. “It’s going to be May” might be more than a meme this year.
