Let me update for $BTC .
In the long term, the movement in the horizontal region that I shared before continues. Under the pretext of the Iran-Israel crisis, the third test took place in the green support zone since April. Now we can see a slow move to the upper band.
In this process, altcoins were crushed a lot. This decline, which came with very little time until the halving, provided a good buying opportunity for altcoins.
There are a few data that I follow in my general market analysis during this process:
- I try to predict the movement of altcoins by looking at Bitcoin dominance and comparing it with previous periods.
- By following open positions and liquidations on the futures side, I estimate how long the harsh movements will continue.
- I analyze the general sentiment by looking at the altcoin-bitcoin season and fear-greed indices. I will continue to share my analyzes regarding these with you throughout the day.