Bitcoin Distribution Cycle With Altcoin Rise Pre-Bear Market

The current phase appears to be part of a distribution cycle, with Bitcoin needing a breakout that will eventually culminate in a significant climax marked by a large closed shadow on larger timeframes. A rise in altcoins to the highs of Bitcoin is essential for shifting retail interest towards them before the impending transition into a bear market. Regarding concerns about missing entry points after Bitcoin shows a strong green candle, the issue is mostly fear, which must be overcome, as mathematically, the odds of profit are much higher according to the trend. Overbought indicators and divergences generally lack strength within a trend; they will eventually be reset, but this does not mean immediate action is required once they appear overheated. Join the trading club 🐅