The Gussain channel is similar to the Bollinger band.

In the previous cycle, before the altcoin market cap started skyrocketing, the altcoin market cap had a correction, and it turned out into the green area.

Now, the area color has converted to green again, indicating that the current consolidation might be over. If I recall correctly, in November and December 2020, the BTC price was attempting to break the $20k ATH, and the market sentiment around altcoins was in disbelief.

In every cycle, people claim that this cycle will be different. While I agree to some extent, when you zoom out, the overall patterns are not much different.

Thank you for your insights.