LUNC has been under continuous pressure since December of last year. A lot of energy is being compressed as a long sideways trend is established. Among these, I saw many people talking about the deep decline of LUNC. That's right. Perhaps their predictions are correct. I don't want to admit it, but I can't help it. As you can see in the chart below, LUNC is on the verge of breaking the MA200 line and falling, and as soon as this line is broken, it is likely to face a quick and deep decline in the short term, and the volume oscillator indicator also proves it. #LUNC

There is a strong possibility that this is the bottom of altcoins. Some altcoins are showing signs of supply and demand. If you look at the altcoin market cap chart, you can see that it has been strongly supported at the Fibonacci 0.618 position for several weeks. This can be seen as a bottom formation in market sentiment, and it can be a trigger for an inflection point with a strong impact. #altcoinseason #lunc

An important factor influencing price action in recent months has been US macroeconomic data, with uncertainty about the future of US monetary policy influencing investors' risk appetite. This time, GDP, initial unemployment claims data, and inflation data (PCE) are expected, which are expected to dominate market sentiment in the short term. However, what is important is that futures funding rates have turned negative and are at the support line on the MVRV indicator. Bitcoin's current structure suggests a possible local bottom.
#BTC #AltcoinSeason #LUNC

These are long-term charts and indicators of Bitcoin from the past to the present. It is an intuitive chart that needs no explanation, and Bitcoin always enters a bull market after the current shaky period. Additionally, altcoins experienced a strong altcoin season in this section. We need to refer to the chart to know exactly where we currently stand.
#BTC #altcoinseason #lunc

You may have seen countless Bitcoin comparison charts by period like the one below. and you are aware of it. Yes, it is so obvious, but people cannot endure this period and fall behind. If you look closely at this inflection section, it was very shaken and the fluctuation range of altcoins during this period was much more shaken. It is clear that this inflection section is a section where many investors fail to invest because their faith is broken and shaken by the volatility in front of them, even though they are clearly aware of the situation that will unfold in the future. #BTC #LUNC

The market is creating extreme fear and is filled with all kinds of negative rumors and news. However, Bitcoin's funding rate turned negative a few hours ago for the first time since May. A negative funding rate usually means confirmation of a bottom and has since led to a rapid rise. Bitcoin is now very close to the local bottom. If Bitcoin's bottom is confirmed in this area and it attempts a rebound, we will likely be able to witness a rapid rise in altcoins that have been suppressed. Don't be shaken and wait calmly #btc #eth #lunc
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LUNC has experienced three sharp drops this month.
The depth of the decline was deep today as well. The first and second declines were driven by market trends, and today's decline was quite an intentional suppression.
This is believed to have been intentional downward pressure on individual retailers to encourage them to leave, and this is a typical tactic that always occurs ahead of a major rise.
The chart below compares the current chart with the depression pattern that appeared before the rapid rise at the end of last year. Don't be scared. This is nothing, and it will rise steeply in the future, showing more severe volatility than this.
I have no doubts about LUNC and continue to maintain my perspective. #LUNC

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