I noticed an interesting moment in the market—it seems like altcoins are on the verge of something serious. The monthly chart of OTHERS/BTC is approaching the top of a massive descending triangle that has been forming for as long as 5 years. This isn’t for nothing—such patterns usually end with major moves.

In general, if you look at the head and shoulders pattern on higher timeframes, it’s clear that the market has already built a serious structure. BTC dominance is currently at 57%, which is quite high, but the OTHERS/BTC ratio is approaching critical support. With the total crypto market cap at $2.391 trillion and BTC at $1.342 trillion, the ratio is fluctuating around 0.782.

This really could be the beginning of an altseason. If there’s a breakout above the triangle’s resistance, altcoins could surge ahead of Биткоина. Analysts talk about a “massive reversal,” and I can see why—the head and shoulders pattern has already played out well on many altcoins.

But here’s the catch—regulatory uncertainty and macroeconomics complicate the picture. You need to watch volumes and RSI divergences. If the breakout is confirmed, Ии, DeFi, and L2 solutions could take off. However, the head and shoulders pattern might also break down to the downside—then BTC will continue to dominate.

Overall, this is a critical moment. I recommend not missing confirmation on volume—that will be the main signal that altseason is truly beginning. On Gate.io, you can track these moves in real time if you’re interested.