Now all attention should be concentrated only on strong assets BTC $ETH $TRX TON BNB and only after their growth can we consider alts.

💰 BTC has been marinating within a wide downward sideways trend for 175 days now. Moreover, in the last 2 weeks the price has been trading along the lower border of the global ascending channel.

During local declines, there are practically no liquidations of long positions and many have already left the market altogether, having lost interest.

However, the price is very actively trying to return above the long-term moving averages located in the region of $61,500-63,500.

😡 The most interesting thing is that world indices have almost returned to historical highs, gold has updated its historical maximum, and the dollar index continues to decline.

All this, according to historical correlations, is very positive for the crypto market.

There are also more important indicators indicating that the market marinade is in its final stages:

1️⃣Hash Ribbons Indicator Points to Final Capitulation of BTC Miners

This indicator indicates the moment when the cost of equipment maintenance and electricity costs for 1-2 months exceed the price of the mined cryptocurrency.

2️⃣ The printing of the most popular stablecoins on the crypto market#USDTand#USDChas increased significantly over the past month after several months of stagnation at +- the same levels

It has been explained many times that the main driver of growth in any market is new money or liquidity. The more money in the market, the more it goes to buying assets, which leads to growth.

3️⃣ $BTC BTC balances of ETF funds continue to grow and they have already accumulated more than 5% of the entire coin issue

4️⃣ According to BTC cycles, the market has 396 more days of bull market left in stock

Moreover, in the current cycle, each monthly candle closes strictly above the long-term moving average, which indicates a continuation of the bullish trend. The similarity of the dynamics of the cycles is visible to the naked eye.

It would seem that everything points to the beginning of a new round of growth in the crypto market, but this has not happened yet for unknown reasons 🛡

But the facts speak for themselves, the marinade must end and the end will not be in the market falling lower and lower, but in the beginning of a new round of growth.

Therefore, as always, only the most patient will earn good money!

🤟 Did you like the review or want to better understand cryptocurrencies and technical analysis?

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