According to Cointelegraph, the cup and handle pattern of alts suggests that the market capitalization will rise to $2.78 trillion, indicating that the "altcoin season" is coming. Bitcoin's dominance is below key MAs, suggesting that alts may outperform Bitcoin in the short term.

Trader Jelle pointed out that the TOTAL3/USD weekly chart shows a strong cup and handle breakout, with market capitalization potentially rising from $1.1 trillion to $1.98 trillion. Peter Brandt observed a similar pattern in TOTAL2, targeting $2.78 trillion.

Alts have performed strongly since November 2024, with ETH rising 24% in the past seven days. Bitcoin's dominance has declined since June 27, reaching 62.61%. Analysts believe Bitcoin's dominance has peaked, as alts continue to rise. #山寨季何时到来？#

BTC-2.2%

ETH2.17%

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