Part 7/9:
Delving into altcoins, Meron noted that Bitcoin's strength is positively correlated with the performance of alternative cryptocurrencies. He presented an overview of the altcoin market, emphasizing the importance of upcoming resistances, particularly near the 200-week moving average. As Bitcoin consolidates its position, Meron suggested that altcoins could find renewed strength.
In the context of altcoins, he mentioned that recent patterns indicate a potential cooling period, but also highlighted opportunities for strategic entry points should altcoins hold important support levels like the 21-day moving average.