The BTC price volatility index shows the first green candle on the daily chart since November 17. The daily candle is not yet closed, but so far it seems that the forecast for increased volatility from November 24-26 and from the EMA supports will be fulfilled.
We will see how the daily candle closes, but so far it seems that the index will rise until December 2-4. This information itself is of little use (except for the obvious conclusion for margin traders to be cautious). The price during rising volatility can rise, fall, and go into a wide range.
However, in the pair with the daily charts of the prices of #BTC and the dominance of #USDT + #USDC - the picture is fuller. For #BTC, the daily, two-day, and weekly timeframes have been exhaustively described. Everywhere there are signals of potential highs. For the dominance of key stablecoins - the situation is mirror. That is, on the daily, two-day, and weekly timeframes - potential lows.
If it weren't November now and the bull run for #BTC and #ETH had started - we would expect a severe correction across the market. But now we are waiting for a maximum range in a wide range. Although altcoins have already dropped by 15-20% - there are no reasons to believe that this is the beginning of a move to new lows.
The dominance of stablecoins, although it may show a rebound even to around 7% - this is the maximum target and it does not negate the expectation of a downward movement. The last signal of a stable downtrend on the weekly timeframe was at the end of January 2023 at a level of 11%. And the low of this decline in dominance was set around 5%. Now, from the current 5.57%, according to the indicator, it is capable of showing 2.48% through a rebound (additional target from the monthly timeframe).