According to Miles Deutscher on Twitter, two weeks ago BTC began decoupling from the broader crypto market while alternative coins (alts) showed a distinct triple bottom pattern on their price charts. Deutscher emphasized that these clear chart signals present a strong opportunity for traders to consider long setups, suggesting the current market structure favors bullish positions in both BTC and select altcoins. Traders are advised to focus on technical chart patterns for entry timing, as this combination of BTC leadership and altcoin base formation often precedes significant upward momentum (Source: @milesdeutscher, May 9, 2025).

According to Trader Tardigrade, Dogecoin has formed an inverse head and shoulders pattern on the hourly chart, which is widely recognized as a bullish technical indicator suggesting a potential upward reversal for DOGE prices (source: Trader Tardigrade on Twitter, May 7, 2025). This pattern's confirmation could trigger increased buying interest and higher trading volumes among short-term traders, making DOGE a key watch for crypto momentum strategies. Traders should monitor for a breakout above the neckline to validate the bullish setup and consider risk management as volatility may increase.