@zephyrbliss
BTC has pulled back for three consecutive weekly candles, but the altcoin market cap ratio (including ETH) is still holding at a local high.
If BTC can show some strength and bounce back in the two weeks leading up to the rate cut, the ratio will likely continue climbing to test the 0.75 level (the white horizontal line in the chart).
In my view, this level is crucial in determining whether the altcoin market—especially ETH—can finally break free from the major bearish trend.
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