Altcoin底部在？鑰匙圖標誌著比特幣的重大輪換

在過去的幾天中，以太坊在價格行動方面一直表現優於比特幣，每當Crypto中發生這種情況時，精英分析師就會開始談論Altseason的回歸。

In the past few days, Ethereum has been outperforming Bitcoin in terms of price action, and whenever this happens in crypto, elite analysts start talking about the return of altseason. Nothing is ever guaranteed in this space, but Michaël van de Poppe shared an interesting chart last night that could be a clue of what’s to come. The chart shows the OTHERS/BTC ratio, which measures the strength of the altcoin market against Bitcoin.

在過去的幾天中，以太坊在價格行動方面一直表現優於比特幣，每當Crypto中發生這種情況時，精英分析師就會開始談論Altseason的回歸。在這個空間中，沒有什麼可以保證的，但是昨晚MichaëlVande Poppe分享了一個有趣的圖表，這可能是即將發生的事情的線索。該圖顯示了其他/BTC的比率，該比率衡量了Altcoin市場對比特幣的強度。

The weekly chart suggests that altcoins might be in the process of forming a long-term bottom. According to Michaël, this pattern is showing massive bullish divergences, especially when looking at the RSI. That means while prices have been falling or moving sideways, momentum indicators are starting to rise.

每週圖表表明，AltCoins可能正在形成長期底部。根據Michaël的說法，這種模式顯示出巨大的看漲分歧，尤其是在看RSI時。這意味著，當價格下跌或側向移動時，動量指標開始上升。

This is often a signal that a trend reversal could be near. He also pointed out that this pattern is very similar to what we saw in past cycles before altcoins started gaining against Bitcoin.

這通常表明趨勢逆轉可能接近。他還指出，這種模式與我們過去在Altcoins開始對比特幣的情況下看到的模式非常相似。

The chart highlights a green accumulation zone, labeled as a new bottoming process. It looks a lot like the one that formed before the 2021 altcoin run. There’s also a breakout from a falling wedge pattern, which adds to the bullish case.

該圖突出顯示了一個綠色蓄能區，標記為新的底部過程。它看起來很像是在2021 Altcoin運行之前形成的。從掉落的楔形圖案中也有一個突破，這增加了看漲的案例。

The price action has flattened out, volume is picking up, and the downtrend may finally be losing strength. The timing also matches historical cycle behavior, as previous market bottoms for altcoins happened right around this phase – one year before the Bitcoin halving rally kicks in fully.

價格行動已經扁平化，數量正在增加，下降趨勢最終可能會失去實力。時間安排也與歷史週期的行為相匹配，因為此前的Altcoins先前的市場底部發生了階段的底部 - 在比特幣減半集會完全啟動的一年之前。

Michaël didn’t just rely on technicals. He also mentioned the changing macroeconomic climate. Interest rates may start dropping, liquidity could return, and global market sentiment might shift. If that happens, risk-on assets like altcoins typically benefit first.

Michaël不僅依靠技術。他還提到了宏觀經濟氣候變化。利率可能開始下降，流動性可能會返回，全球市場情緒可能會發生變化。如果發生這種情況，諸如AltCoins之類的風險資產通常會首先受益。

When money flows out of Bitcoin, altcoins often become the next destination.

當資金從比特幣中流出時，Altcoins通常會成為下一個目的地。

Still, we should be cautious. These early signs don’s always lead to immediate rallies. Bottoms take time to form, and sometimes price goes sideways for weeks or even months before any major breakout. But according to this chart, the worst may be behind us – at least in terms of altcoin performance versus Bitcoin.

不過，我們應該謹慎。這些早期的跡象總是會導致立即集會。底部需要一些時間才能形成，有時價格在任何重大突破之前就側面幾週甚至幾個月。但是根據這張圖表，最糟糕的情況可能在我們身後 - 至少就替代性能與比特幣而言。

If the OTHERS/BTC ratio starts to climb steadily, that would be a clear signal that altcoins are gaining strength. In that case, a rotation from Bitcoin into altcoins could accelerate, and the long-awaited altseason might finally take shape.

如果其他/BTC的比率開始穩步上升，那將是一個明顯的信號，即山寨幣正在增強強度。在這種情況下，從比特幣轉移到Altcoins的旋轉可能會加速，而期待已久的Altseason可能最終會成形。

For now, the chart suggests that something is shifting, and for traders who’ve been watching closely, it might be time to start paying attention again.

目前，該圖表表明有些事情正在發生變化，對於一直在密切關注的交易者來說，可能是時候開始重新註意的時候了。