3. Generally, alts move proportionally with $BTC.
But now $BTC is increasingly sapping liquidity from alts. Less spot bids means smaller price movements for alts on $BTC pumps but disproportionately large pullbacks for alts on $BTC dips.
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10. When should we short? (cont.)
High time frame traders should start scaling into shorts on lower leverage, compounding heavily at major $BTC resistance levels.
Plan to hold these shorts over the months that it takes a macro bottom to form, scaling out as $BTC.D drops.
9. When should we short?
Low time frame traders should scalp short alts at $BTC resistance, taking profits at major support.
This is what I did with $AVAX yesterday at $32k $BTC resistance, closing most of the position at $29k support.