Image Source: Pexels
 

Good morning, Crypto traders! The crypto market faced a new sharp decline due to a stock market sell-off, as Trump shook the market with additional tariffs on China. However, both stocks and the Crypto market are now strongly stabilizing, as Trump said not to worry about China, it will all be fine, so it looks like a market manipulation. Looking at the monthly RSI of the Crypto TOTAL market cap chart, we still see space towards the extreme levels, to bring even more hype and optimism this year before a top formation, but it could be pushed by ALTcoins. 
 

Crypto TOTAL RSI Monthly Chart
 

If cryptocurrencies stabilize following the sharp sell-off that began on Friday, and new speculative long positions start to emerge, driven by the belief that the correction has already run its course,we could be entering what may become the next Altcoin Season, potentially marking the final phase of this crypto bull run.

Looking back to the 2017–2018 cycle, Bitcoin topped out in December 2017, followed by Ethereum approximately a month later. During that period, Bitcoin dominance (BTC.D) declined significantly as capital rotated into altcoins.
 

Currently, the BTC.D chart once again appears technically bearish, showing a five-wave impulsive decline in wave A, followed by a corrective advance in wave B. If this structure unfolds as expected, wave C could drive dominance lower, possibly towards the 54% level, signaling a renewed phase of altcoin outperformance.

For a detailed view and more analysis like this, you may want to join our live webinar today on Monday, October 13 @ 15.00CET: DIRECT LINK

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