1. Current structure and levels:
• Current capitalization: $1.48T.
• Key support levels according to Fibonacci:
o 0.5: $1.41T.
o 0.62: $1.38T.
o 0.705: $1.37T.
o 0.79: $1.35T.
• Growth targets (Take-Profit):
o 0.27: $1.55T.
o 0.62: $1.62T.
o -1: $1.69T.
o Further target: 1.618 — $1.19T (in case of a strong drop).
• EMA (moving averages):
o EMA 20: $1.42T.
o EMA 50: $1.37T.
o EMA 100: $1.26T.

Technical patterns
• Cup with handle:
o Cup is completed, confirming the breakout of the $1.27T level.
o Target by the pattern — $2.05T (level -1 on Fibonacci).
• Break of the descending structure:
o Bullish trend confirmed by the breakout of the $1.27T zone.
• Formation of higher lows:
o Price continues to form higher lows and highs, confirming the upward trend.

Here we need to clarify several points, in my caution article I explained why you should be careful this January, now I explain what must happen for the alt season to be generated
The dominance of Bitcoin must drop below 55%
$BTC must show strength, in the area where it is it shows no strength, above 100k it would give us that possibilityThe dominance of USDT must decrease, it is currently showing strength despite the news#TOTAL2 must show strength, currently on the daily it is showing weakness making lower lows and lower highs

#TOTAL2

TOTAL2 has been a very reliable chart to base the bull runs on. We're looking at it now to see where we could potentially reverse. For this chart to be bearish, we would have to take out the low at 850 billion. As long as we put a higher low above that, the chart will remain bullish in the longer term.

Between August and November, we went through an accumulation phase, where we put consecutive higher lows after completing a bullish harmonic. We can also see that from the low to the first higher low, before breaking out of the exponential down curve, we retraced a perfect 0.786, which is very typical of a wave 2 retracement. If you then take the Fibonacci extension levels from the high to the low, we hit a perfect 4.618 extension, which is uncommon but very possible for a wave 3 extension. This would currently put us in a wave 4 correction.

We have retraced and have today cut through the 0.382 retracement level and are sitting at the 1.26 support. However, this isn't a reliable support, as it only acted as resistance in the past and has never been held as support. We could, therefore, expect to go lower, and the next level would be the 0.5 retracement level at 1.21 trillion.

For a wave 4, it is common to retrace between the 0.5 and 0.618, and the 0.618 is around 1.11 trillion, which is where the next zone of support sits. I would, therefore, find it possible, if not probable, to retrace all the way down to the 0.618 at 1.11 trillion dollars and accumulate within that zone of support before the next substantial rally.

The next substantial rally will hopefully bring us to all-time highs, but it does not necessarily have to do that. We could retrace and put in another lower high, which would, at that point, confirm distribution and likely indicate a mid-to-long-term pause in the bull market, if not a reversal into a bear market. Until this happens, or we take out the low at 850, we remain bullish.

The last points to consider are that we didn't distribute at the highs and didn't have a major liquidation event, this suggests that these assets will revisit the highs or have deep retraces into them. We are also developing bullish divergence which will mature as long as we stay above 850 b. For that reason, we are not selling anything at these prices.

Conclusion

Analyze prices carefully around these levels:The current support at 1.26.The next support at 1.11 trillion.Look for TOTAL2 to showcase bullish accumulation or reversal.Once TOTAL2 signals its direction, focus on individual assets that align with the macro trend.Updates on specific positions will follow.

When we look at the daily charts, we experienced a rapid increase accompanied by a negative divergence on the RSI in all of #TOTAL #TOTAL2 and #TOTAL3 and finally a sharp correction occurred two days ago.
Now let's look at the general outlook. 👀

👉 #TOTAL
$3.3T major support managed to hold and we are experiencing a recovery led by $BTC in the market. It is currently at an intermediate resistance level of $3.53T. As long as it manages to stay above $3.3T and $3.42T, the target is the next major resistance, $3.65T. I think that $BTC will also make a new #ATH with the break of this level.

👉 #TOTAL2
It continues to hold above the $1.44T support. As long as this level is not broken, the target is the previous ATH level of $1.71T and then $1.8T. Serious movements will be seen in $ETH and ethereum betas towards this level. $ETH above $4,000 will come with the break of this level.

👉 #TOTAL3
In the last few weeks, during which we experienced sharp increases in #altcoins other than $BTC and $ETH, #TOTAL3 also tried to break its previous ATH but could not break it the first time due to the reasons I mentioned. It is important for it to hold above the previous major support level right now. This will lead us to a new ATH attempt again. If the $1.13T level is broken and maintained, we can expect serious increases in altcoins up to the next target level of $1.34T in the coming days/weeks.