This analysis aims to provide a simple and unbiased outlook for both bulls and bears. If the resistance level at 402-414 B is broken and sustained, we may witness a short-lived but aggressive mini alt season and subsequent pump. During this time, strict risk management is crucial to maximize short-term investment opportunities.

A true ALT SEASON may begin if we manage to close above 453b, resulting in widespread FOMO and profitability for traders. This period usually lasts for a couple of months and provides an opportunity to double, triple, or even quadruple investments through alts.

Currently, we are keeping a close eye on the resistance level to determine if it results in a double top and subsequent dump or leads to a mini alt season.

In my opinion, an alt season is unlikely to occur until mid/late 2024, and new lows may be seen in most alts, causing them to become worthless and never recover (as has been the case for 99% of alts in the past).

It is essential to invest wisely in this unregulated market, as many ponzis and scams will be washed away during the upcoming regulations. Best of luck to all individuals in both long and short positions, as well as those investing in spot markets.