It has been a good ride for Bitcoin before then halving and now that it is done with, the momentum seems to have gone down, and as we all know, after the Bitcoin Rally, altcoins react to it. Do you think the rally of altcoins will start now or we should continue with our trades like nothing happened?
Correlation and pairing apply in crypto, so if the price of Bitcoin (BTC) falls, the price of altcoins will also fall unless MC is dominated by altcoins a.k.a altseason. As of today, Bitcoin (BTC) still has dominance with a percentage of more than 53%, meaning that it's not a good thing to invest in altcoins at this time if the price decline occurs again in the future.
Altcoins can have their own market dynamics and can sometimes move independently from Bitcoin. This means that even if Bitcoin's price falls, altcoins may not necessarily follow suit. Altcoins may have their own unique factors and developments that can influence their prices.
As for Bitcoin dominance, it is an indicator that represents Bitcoin's market capitalization compared to the total market capitalization of all cryptocurrencies. A higher dominance percentage indicates that Bitcoin has a larger share of the overall market capitalization. However, it does not necessarily dictate the future performance of altcoins. Altseasons, where altcoins outperform Bitcoin, can still occur even during periods of high Bitcoin dominance.