NoName: BTC is in a downward wedge consolidation stage, and the expansion of the altcoin market has not yet begun
Analyst NoName pointed out that BTC is forming a downward wedge in its upward trend. If it breaks through the upper trend line, the next area of focus is $84000 to $90000. If it sweeps downwards, the next area of focus is $72000 to $74000. NoName believes that the total market value of altcoins is currently only about $1.1 trillion, and the real expansion has not yet begun. The next six months will be full of surprises. If BTC breaks through a historical high, market attention may shift to ETH, and funds will rotate to small and medium-sized altcoins and Meme tokens, pushing the total cryptocurrency market value to $10 trillion to $12 trillion.