Hello, here is our quick sharing about the upcoming season! đ
The chart below is about BTC.Dominance. So, if everything is unfolding as events in 2021 and the Spot ETF is approved, there is a possibility that BTC dominance will surge, pushing BTC to around $48,000 - $50,000 first and then decline capital back, let it flow into #altcoinsâïž
We are also witnessing how an Altcoin Season is unfolding as the waves of $BTC (from $25K to $47K) have propelled the overall market upward in recent months.
In the long-term chart, we are currently at a pull line, and this journey is just beginning. Whether SEC approves the #etf or not, will only expedite or slow down this process. Acceptance by #SEC will bring short-term benefits to investors, but the SEC's plans and subsequent approvals may pose challenges for Bitcoin in general and altcoins in particular.
Even the account X of SEC was being hacked, how can we know the market in advance? LOL
This is just the perspective of our team, and we would love to hear your thoughts and engage in discussions.
@FORTUNE CRYPTO @PhyrexNi @ćæéŸLola @Square-Creator-49df67971 @JustinSun