Can't tell if $BTC is in correction or if bull run is over?

You're not the only one.

Many factors are affecting the market:

Mt. Gox, Germany, Elections, ETFs, FTX payouts.

I spent 100+ hours analyzing all data: here's when and why market will turn around 🧵👇

1/➮ We are currently in a stage of depression, and most are leaving crypto

✧ People are selling, no longer believing in future growth

✧ But this happens every cycle, and if you look at the bigger picture, it's not all that bad:

2/➮ Although altcoins are currently significantly underperforming compared to $BTC

✧ $BTC itself has already done a 2x since the ETF approval

✧ Now no one is buying because "$BTC is too expensive."

✧ And this is precisely the moment when the big growth begins

3/➮ Maybe locally, in the next month, we won't see any significant growth,

✧ Considering the amount of FUD due to the small inflow into the ETH ETF or the summer stagnation itself

✧ But buying during this dip will give you a big profit

4/➮ When the market is as challenging as it is now, it's better to zoom out

✧ Currently, the altcoin index is approximately at the November 2023 levels

✧ Right after that, we saw a 5x growth

5/➮ Therefore, try to stay focused on the positive factors that will drive growth, such as:

- ETF ETH S1 form approval

- Trump's crypto support

- Countries cutting rates

✧ There are even more factors, but people are more interested in spreading FUD than considering both sides

#SOFR_Spike #US_Job_Market_Slowdown #IntroToCopytrading #VanEck_SOL_ETFS #MtGoxJulyRepayments