Last night, BTC reached 73.6k, and the dominance increased to 60%.

Looking at this, it is entirely positive as the capital is concentrating on pushing BTC to create a new peak. When BTC is pushed strongly, it will attract new money into the market.

As long as BTC breaks 74k and gradually rises to new peaks, when BTC goes sideways or dominance decreases, altcoins will run extremely strong.

Considering the mid-term technical analysis chart:

BTC is regarded as digital gold, so its price always tends to follow gold.

Gold this year is running strong due to the breakout of the monthly frame (M frame) cup and handle pattern. Gold has been running smoothly since the beginning of the year and has yet to create a peak.

BTC, according to the M frame, is also running a cup and handle model; based on the price line, if it breaks out, it will reach a peak in the 90k-100k range.

A peak is expected in March or April next year.

At that time, we will have an altcoin season.

The Usdt.D index (market money flow index) has also broken the upward trendline since March.

The lower this index goes, the stronger the money flow into the market.

After the US presidential election is over, regardless of who takes office, they will pump money into the economy to boost the entire market.