When the wave before altcoin was not /2, when BTC reached a new ATH, this indicator was also over 95%. (according to data from ThuanCapital).
Then the BTC correction made altcoin /2 /3 and today BTC returned to this mark, however ALTCOIN is still at the bottom. About 2 weeks ago, this indicator dropped below 80%, I remember watching Thuancapital's video.
This is the beginning of wave 2, so selling can still continue. If it can't be broken, the Market will continue to adjust. If BTC returns from this price to 63.xxx - 61.xxx, you think Altcoin will continue. Where to?🤔
According to observations, altcoins had a few waves and then lost all of their liquidity. This morning, the liquidity seems to be stable again. So if the discharge continues, Market Maker will also need to push liquidity one more time to discharge.
It is not yet the end of May, macroeconomics is still not very positive in the short term because the extreme war situation in the Middle East is still quite tense. The interest rate situation is positive in the last months of the year.
I advise you to sit still when you catch cheap goods. If you trade, you can set a positive stl and if you hold, you should still mentally prepare to DCA and not cut your losses if it falls further in the upcoming period.
This section DUMP is an opportunity, prioritizing MM goods. GOODLUCK AE!