Not sure if $BTC is correcting or the bull run is over? You’re not alone.
Markets are being impacted by Mt. Gox, Germany, the election, ETFs, and FTX payments.
But after 100 hours of data analysis, it was clear: we were being manipulated.
Here are the truths that big investors don’t want you to know.
First, let's discuss the current market stage.
We are now in a phase known as "depression".
Many people are exiting the cryptocurrency market.
People who have lost faith in the bright future of cryptocurrencies are selling off their assets.
What they don’t realize is that surviving is the most important thing at this stage.
Because this callback occurs in every cycle.
It has always been this way and it will always be this way.
This is how market psychology works.
We have seen bigger price drops in the past, but nothing catastrophic has happened.
All things considered, it wasn't that bad.
There are more bullish factors than bearish ones and you should take advantage of the current sentiment.
While altcoins are currently lagging far behind Bitcoin, Bitcoin has doubled after the ETF approval.
However, people are hesitant, thinking that “Bitcoin prices are too high.”
Ironically, this is when the major uptrend begins.
The local market may not see significant growth next month due to small inflows into the ETH ETF and FUD from the summer stagnation.
However, the big picture remains the same: growth is imperative. Implementing a DCA strategy (Dollar-Cost Averaging) during this minor pullback will deliver the best results and help you outperform 90% of traders.
When you are not sure what to do, your best bet is to look at the big picture. Look at the altcoin index, it is currently at the same level it was in November 2023. And you know what happened after that? The market grew 5x.
All you need to do now is focus on the positive factors that drive growth, such as:
➬ Ethereum ETF S1 Form Approval
➬ Trump’s support for cryptocurrency
➬ The US is about to cut interest rates
Here are some possible reversal factors:
(1) Global Liquidity Index:
The current market stage can be assessed through the Global Liquidity Index, which covers the assets held by major central banks and the Federal Reserve. Currently, global liquidity also seems to be in a consolidation phase.
(2) Stablecoin Index:
This indicator reflects the new money entering the crypto market. As we can see, we are far from the levels of previous cycles. The golden rule is that once liquidity starts to increase, the market will rise accordingly.
(3) BTC.D Index:
The chart shows BTC's market cap as a percentage of the total crypto market cap. See, BTC.D has been consolidating between 54% and 57% since April. Once it breaks below this range, we can expect a huge alt season to begin.
(4) Trading volume of all platforms:
Current trading volumes are significantly below peak levels. Although the price of Bitcoin is higher than in 2021, transaction volume is still lower. The lack of retail activity is evident, but once it returns, the market will be primed for growth.
Summarize:
I recommend taking the following steps now:
Consider a part-time job to supplement your income
Research new narratives and ideas
Accumulate undervalued altcoins
Learn new skills
Because accumulating the right position now can bring 100x gains in the future. You will thank yourself for taking this step. At the end of the cycle, you will be one of the winners.
That’s all for today’s article. We are currently in a bull market, and things are turbulent. We share passwords every day.
