In the short term it is more than obvious that we will maintain a lateralization in $BTC prices as a reaccumulation. In the very short term, it is very likely to look for the 58K area again to eliminate leveraged longs and immediately increase volume to look for the shorts that are above 62K.
* 25X settlement map of all CEXs
However, all that lateralization noise is to shake the impatient. Since there are several interesting graphs to take into account for the situation:
The dominance of #Bitcoin! has been broken in its bullish compression on the WEEKLY chart
Which signals that smart money is accumulating #Altcoins👀🚀
A situation that can be linked to the fact that in BTC cycles, when there are certain divergences between BTC and Alts, the latter catch up. The following graph shows us the moment when BTC loses its dominance and altcoins offer better returns. When it reaches the upper area of the channel, it is when we must pivot to stablecoins.
And finally, Total3 has held up pretty well above the 590B range, after going to touch the long-term uptrend line at 573B, it recovered strongly and has remained stable in a typical bullish pennant pattern.
All the data indicates a dizzying recovery in Altscoins within a few weeks, but NOT ALL OF THEM ARE WORTH IT, NOT ALL OF THEM WILL RETURN TO THEIR ALL-TIME HIGH, be wise when choosing where to invest your capital.