Hello My Beautiful Friends; First of all, I would be happy if you increase my appetite for writing by liking the post :)
On a day where we had a bad start, I think we will get some relief with the data coming at 15:30. We price this as the reason for the retreat in the market is that the Fed interest rate decision, which will be announced in the evening, is left unchanged. Powell said in his speech that we are planning to make 3 discounts this year. This points us to the date of September 18, which is the first of the last 3 decisions. I will discuss the possibility of applying this as 4 discounts. So I expect a 25 basis point cut on July 31. I don't expect an altcoin rally before September. 2-3 We expect 5-10 X's to fall in the 4th quarter. I think that the Bull scenario will be completed by making ATH in the first quarter of 2025. But we should not forget the fact of ETF. They can change the game. You need to be ready for every possibility. I plan to sell the Alt coins I have when Bitcoin is at an estimated level of 140-166 thousand. I think we will have a little more clarity on the price as time gets closer.
My general expectation for bulls is 10 Trillion Dollars. I think the Total Market Cap may be Bitcoin Dominance 32 and Ethereum dominance 24 levels. I believe that reasonable dominance levels for ATH in alt coins should be like this. As I said, the process is early, there is an election in America. While both sides had a soft view of the crypto side before the election, I think they will take new steps to prevent money flowing to this side a few months after the election. This will be our entry plan into the new bear season.
So, while we are talking about 5-10x values, remember, friends who are waiting for new goods thinking that we will drop another 20%, Bitcoin broke a new ATH by making 72 thousand while everyone was waiting for 13k. So you're not the smartest guy in the neighborhood. Friends who have new goods and expect 30k will draw such a scenario that even if 30k comes, you will not buy goods again because they will drop further. Today is June 12th and I think everyone who is in full cash today will regret it. You have to be reasonable. While even Biden's view on the Bitcoin side has softened on the US side, no one will make you pay that 30 thousand dollars while millions are entering ETFs every day. I always write because it is very important. Don't buy dreams, invest!!'' Don't get into the mood that you are leading the market with the 10-15k dollars you have. We are in a trillion dollar industry. Long story short, keep 20-30% cash on hand. I think it is the last time to enter the market with partial purchases by investing with others.
I love you ❤️
