Milestone: Where Does the Cryptocurrency Market Stand Now?
1️⃣ Fear and Greed Index: At its highest (93)
📊 The market is experiencing a state of excessive greed, a level we have not seen since the last Bull Run, when this greed was followed by a rapid correction after which the market resumed its upward path towards the top.
💡 Golden rule:
Time to fear: 🛒 It's time to buy.
Greedy time: ⚠️ It is the time to hedge and gradually exit.
2️⃣ Overbought: Signs of exhaustion are looming
📈 Technical indicators are showing signs of oversaturation in the market, which increases the possibility of a correction soon:
Daily timeframe: Stochastic at 96.56 (clear overbought).
Weekly timeframe: Stochastic at 95.45 (also strong overbought).
🔄 The market is approaching a buying peak that needs balance and a healthy correction before continuing the rise.
3️⃣ Market Psychology: From Caution to Overconfidence (Thrill Phase)
😌 Investors are in a “big rush” mode, where excessive optimism has everyone expecting new highs above $100,000.
⚠️ Psychological warning:
This stage is often an indication of an approaching turning point, whether through a temporary rise or a sudden correction.
4️⃣ The $100,000 psychological barrier: the magic number
🔑 Since 2022, this number has been considered a psychological symbol for the market.
Breaking it would mean a historic price achievement.
But it may be followed by:
Attracting new liquidity 🚀 pushing the price to record levels. (See the psychological barrier post)
Or a violent correction 🔻.
5️⃣ Technical Analysis - Gann Angles and Cycles Reveal the Hidden
🌀 Critical levels:
315° angle at $103,500 (minor resistance).
540° angle at $101,900 (double power).
180° angle at $101,900 (144 day cycle completed).
🔍 These angles form a dynamic resistance area that may witness:
Temporary correction.
Or a launch towards new highs if a weekly close above $103K is achieved.
6️⃣ Parabolic Pattern: We are in the third wave (Base 3)
📉 Current wave:
Bitcoin is close to completing the third wave (Base 3) of the bullish trend.
Next stage: Wave 4 (Base 4), which is a sideways correction with divergent horizontal movements.
⏳ Despite its short duration, it is a prelude to the final launch 🚀.
7️⃣ Liquidation Map: Billions at Stake
💣 When you break the $100,000 barrier:
We could see $1.89 billion in shorts liquidated.
Result: Strong buying pressure pushes the price to higher levels, most notably $103,000.
8️⃣ Bitcoin Dominance: Altcoin Season Approaches
🔄 Updates:
Dominance bounced off the 61.5% resistance, suggesting that liquidity may soon move to altcoins.
📊 Scenarios:
1. Declining Bitcoin Dominance + Sideways Bitcoin = Altcoins Rise.
2. Declining Bitcoin Dominance + Bitcoin Rise = Altcoin Explosion.
9️⃣ Altcoin Index: The Beginning of the Takeoff
🚦 The index is at 40, heading towards neutrality at 50.
📅 Expectation:
Altcoin season starts mid-December.
Bitcoin enters a sideways correction (Base 4), giving altcoins a chance to take off 🚀.
🔟 Timeline: The expected summit is in March 2025
📅 Next stage:
The bull market could end in March 2025 with a peak for Bitcoin and altcoins.
Next: Bear Market targeting a bottom between $30,000 - $35,000.
💡 Golden opportunity for new traders.
Conclusion: Features of the next stage
Bitcoin: Approaching critical resistances ($100,000 - $103,500).
Correction is possible, -What if correction occurs: Where is the target:
First goal: $91,500
Second goal: $85,500
Final primary target: $83,000
But the overall trend remains bullish until the expected top ($115,000 - $120,000).
Altcoins: Their season is coming, with price explosions expected in the coming months.
Recommendations:
1️⃣ Gradual profit taking at nearby resistance levels.
2️⃣ Follow the correction signals to return to stronger positions.
3️⃣ Monitor altcoins and prepare to exit as their season begins.
General view:
The market is on the cusp of a critical phase.
💎 Careful decisions now can make a big difference in your portfolio results.
🚀 While Bitcoin is rocketing towards $100,000 like a Layer 2 rocket, there are still those who are promoting $50,000 as if they are stuck on a slow Proof of Work network.
✨ Welcome to the world of Web3, where traditional analytics is just dust on the chain.
#COSSocialFiRevolution #BTCBreaks100K? #SOLHitsATH #XRPAndSECShift #ETHPriceSurge