The market is red again. Should we panic?

Overall, the expected decline may end with a test of the 90-92k zone. The BTC bounce resembled a dead-cat bounce without confirmations with buying volumes afterwards.

Altcoins are reacting but starting to push back. An interesting spike (short squeeze) occurred on the dominance chart, after which dominance began to fall again, and large purchases appeared on altcoins, while at the same time, pressure on Bitcoin does not let up.

It is possible that the rebalancing of positions btc => eth/alt continues. Overall, we have decided to stay on the sidelines and wait for better prices. Globally, the outlook for 2025 is very positive, so we are ready to hit the button to market buy altcoins in case of "good" prices or an influx of volumes into the market.

Also, it is worth noting that yesterday was a holiday in America, and today the market is opening. And upon the opening of the American session, the situation could completely change, replacing red candles with green ones.