Some perspectives on the market surrounding the election period!
- $BTC only needs to increase by ~4% from the current price to officially break the ATH threshold.
- USDT.D will gradually decrease towards the levels of 5%-4%-3%-2%
- DOM.BTC could rise to around the 62-65 mark and then will reverse to a strong downtrend.
- TOTAL will rise to the 2.44T area and TOTAL 2 will initially move towards the 1.1T area.
Currently, positive ETF cash flow is continuously maintained from IBIT, and the net amount of $BTC withdrawn from exchanges has returned to peak levels after 6 months.
One scenario I foresee happening:
- In the short term, there will be upward pressure on the 73k area to clear a significant amount of liquidity that has accumulated over 6-8 months.
- Before elections, there is usually a tendency to create a comfortable mindset to promote a favorable voting process.
- $BTC is creating a fairly sustainable upward structure on a smaller timeframe, so a strong correction is unlikely before the elections.
- $ETH is also experiencing a rebound but not strongly; the ETH/BTC chart still shows no signs of reversal. DOM will continue to increase significantly.
=> Altcoins will need a slight upward movement or to remain stable while waiting for $BTC to complete the break wave before rising accordingly.
The crypto cash flow this season is not too spread across many trends at one time, so focus on allocating to top-tier niches this season like AI, RWA, L1, or meme.
Funds will tend to flow strongly into these niches, so coins in these niches will have a higher ROI compared to coins in other niches.