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ALT/BTC Pairs are likely to have some pullbacks. Breakout and retest in LTF. But if you zoom out, the index is hitting the 200D MA. Break above this level could result in more downside in Altcoins. Less likely but possible. For those who are trading with margin in BTC Pairs. Be careful, even a -15% move could kill your position. It's important to preserve what you have.
So 42.40% is the key level you must watch out for now. We are witnessing an extended period in these ALT cycles. A lot of new developments in the charts.
Conclusion:- Break above the 200MA will be bad for BTC Pairs, 2-3 Rejection candles and the index could go down from here.
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