Can't tell if $BTC is in correction or if bull run is over?
You're not the only one.
Many factors are affecting the market:
Mt. Gox, Germany, Elections, ETFs, FTX payouts.
I spent 100+ hours analyzing all data: here's when and why market will turn around š§µš
1/ā® We are currently in a stage of depression, and most are leaving crypto
ā§ People are selling, no longer believing in future growth
ā§ But this happens every cycle, and if you look at the bigger picture, it's not all that bad:
2/ā® Although altcoins are currently significantly underperforming compared to $BTC
ā§ $BTC itself has already done a 2x since the ETF approval
ā§ Now no one is buying because "$BTC is too expensive."
ā§ And this is precisely the moment when the big growth begins
3/ā® Maybe locally, in the next month, we won't see any significant growth,
ā§ Considering the amount of FUD due to the small inflow into the ETH ETF or the summer stagnation itself
ā§ But buying during this dip will give you a big profit
4/ā® When the market is as challenging as it is now, it's better to zoom out
ā§ Currently, the altcoin index is approximately at the November 2023 levels
ā§ Right after that, we saw a 5x growth
5/ā® Therefore, try to stay focused on the positive factors that will drive growth, such as:
- ETF ETH S1 form approval
- Trump's crypto support
- Countries cutting rates
ā§ There are even more factors, but people are more interested in spreading FUD than considering both sides
#SOFR_Spike #US_Job_Market_Slowdown #IntroToCopytrading #VanEck_SOL_ETFS #MtGoxJulyRepayments
