First of all, I would like to start with the dominance of USDT, which is as important as Bitcoin:
We are progressing in a similar formation as the previous bull season. If you remember in the previous bull season, there was a decrease from 60,000 dollars to 30,000 dollars. This decrease coincides with May 8 in this bull season. As you can see in the picture above, the decline candles accelerate after May 8 and people are losing their profits before May 8 to avoid this. I have a plan to switch to USDT between 30-40%.
Then, when I analyzed what could happen until May 8 by looking at the Bitcoin board and chart, there is a high probability of a formation below because ATH was expected to decline in the previous bull season, which means we can see $ 80,000 in Bitcoin by May 8.
Of course, we have another problem with ETFs:
Since ETFs are only authorized to buy Bitcoin, they do not want the money to fall into Altcoins, so they increase the dominance with constant volatility. For example, we had a big collapse in the Meme coin craze, and the whole reason for this was ETFs.
In my opinion, we will see average increases in altcoins until May 3, then the dominance will increase again. After May 4, it will stay up for 1 month, and during this period, Altcoins will be crushed. But it means that if we do not increase our cash by May 8, we will take a big risk.
(The reason why I have been waiting for a decline for days is because I wanted this formation to break down so that we can enter the Altcoin bull right away, but the price shows that the Altcoin bull has been postponed for another 1-2 months)
If the formation changes with news or other developments, I will inform you, stay tuned ⏳❤️