"$BTC broke its previous season’s All-Time High (ATH) of 69k, $ETH went up to 4k tempting to break ATH but then stopped. This was followed by 3 months of altcoins decreasing and then moving sideways.
Three months later, to the present. We have people calling to short $BTC at 71k because the previous three times $BTC hit 71k, the price always dropped.
Most altcoins have halved from their peak and, although they are also moving sideways, technology coins are starting to be predicted to rise again next season.
In a sideways trend, one of two scenarios will occur. The first is a distribution chart, where everyone is hyping each other about the super cycle, $BTC at 1 million dollars, claiming this season will not have a downtrend, the Bitcoin standard. This is where Whales often dump their holdings and then say goodbye to the market.
The second is the sideways accumulation chart where we see the opposite scenario: everyone has doubts, with analyses fluctuating within a price range of 15-20%.
‘Short at the range high and long at the range low,’ he exclaims joyfully, having found the holy grail in trading. Only for one day the market to break upwards without any specific reason at all.
Or it could be said, the specific reason is that it has moved sideways long enough to accumulate holdings, and now that accumulation is complete, it’s time to rise.
I see that ETF money has returned, the European Central Bank has cut interest rates (the US has not yet). The unemployment rates and such in the US are not good, leading to a desire to stimulate the economy. The FED has turned dovish towards the market.
This is the most favorable environment we’ve had after the 2022-2023 period when the FED was only hawkish and kept raising interest rates. The future is very bright, it’s just that the price has not yet reflected on the chart, but when the price does rise, they’ll start shouting Fomo DCA positive…"