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Just noticed crypto bouncing back from those oversold levels we saw earlier. The interesting part is watching the altcoin season indicator - it's basically a measure of what is altcoin market strength relative to Bitcoin, and it just revisited levels we last saw back in January. That's a pretty solid signal if you ask me.
When altcoins start moving like this, it usually means traders are rotating out of just holding BTC and looking for alternative opportunities. The fact that this indicator is flashing the same levels as a few months ago suggests we might be seeing some real momentum building in the broader altcoin space, not just noise.
Still early to call it full altcoin season, but the setup looks interesting. Watching to see if this holds.