Weekly (1W) Outlook for OTHERSBTC (Crypto Market Cap Excluding Top 10 / BTC).
๐ General Structure
A long-term broadening triangle/consolidation pattern is visible.
The descending peak trend since the 2021 top has clearly been maintained.
At the same time, movement continues along the very long-term rising support trendline.
The price is currently at the intersection (decision zone) of these two major trendlines.
๐ Such zones typically produce sharp breakouts.
๐ Trend Analysis
Primary trend (since 2021): Bearish
Short-to-medium-term trend: Weak/Sideways
The descending blue trendline has not yet been clearly broken.
The rising lower trendline is being tested.
๐ This situation points to a "last line of defense" zone.
๐ SRSI
The RSI frequently dips into the 20โ30 band โ Oversold.
However, a strong bullish divergence is not yet very clear.
What this says: A bottom is forming, but confirmation is lacking.
๐ฑ Fear & Greed
Has been negative/neutral for a long time.
No major spikes โ Significant appetite for altcoins has not yet arrived.
Such periods are usually: Either the final decline, Or a quiet accumulation phase.
๐ข Scenario: Bullish Breakout
If the descending trendline is broken on a weekly close, OTHERSBTC rises โ Altcoin season begins. BTC dominance declines. Particularly: Small/Mid Caps, DeFi โ AI โ GameFi, would show better performance.
๐ฏ First Target: Initially the area above the broken trendline, then the 2022โ2023 horizontal band.
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In 2021, the total market cap tested $1.3 trillion over a period of 10 weeks, and later in the ongoing process, it reached its highest value of $3 trillion. History is repeating itself, and we are now in the middle of a 10-week exhaustion phase. It has been testing the strong support at $2.9 trillion for 5 weeks. If we can get through the next 5 weeks, the potential new market cap high could reach $4.5 trillion. #CryptoTrading #others #crypto #Altseason #Coinmarketcap #Binance๐ท #BTC #Bitcoin