#MarketCorrectionBuyOrHODL
1. Previous trend (2021):
• The chart indicates that the market witnessed a strong rise after exceeding a certain market cap ($1.14 trillion), which coincided with a strong bull run in 2021.
• This rise was driven by a wave of speculation and expansion in altcoins.
2. Current situation (2024):
• The market is currently at levels close to $1.01 trillion, and it appears to have broken through or close to major resistance areas ($1.14 trillion).
• There is currently a period of accumulation (blue area) between support and resistance levels, indicating the possibility of building upward momentum.
3. Future outlook (2025):
• The scenario shown in the chart indicates the possibility of a strong rise in the market if the resistance at $1.14 trillion is successfully broken, which could lead to the start of a new bull run.
• Future targets for the market appear ambitious and may exceed $1.8 trillion and possibly $2.2 trillion.
Possible Scenarios:
1. Positive Scenario:
• If the market manages to hold above the $1.14 trillion level and gain buying momentum, altcoins could enter a strong bullish wave.
• Supporting factors: positive news, wider adoption of cryptocurrencies, and no regulatory tightening.
2. Negative Scenario:
• If the market fails to break the resistance and is rejected, 💲 we could see a return to previous support levels (1.01).