Going long on any alt at the moment is a grave mistake. I repeat, Grave mistake. Be careful .

BTC Ethv

Hello, everyone!

I’m sharing some insights from fellow Binance accounts, highlighting why I’m staying away from futures trading for now.

Futures require extremely favorable market conditions to execute properly. Even with careful risk management, small parts of your capital can still get liquidated.

Right now, the market is uncertain:

BTC's direction: We’re unsure how much higher it will go.

BTC dominance: Will it increase further while alt coins continue to bleed?

Whale manipulation: It’s not difficult for whales to pump the most speculative alt coins on shorts, causing unexpected swings.

In such a volatile environment, I urge everyone to stay cautious and vigilant. Protect your capital, and don’t rush into trades, particularly, futures.

Good luck and trade safe!

The first image shows the current BTC dominance chart, while the second is from the last bull run in November 2021.
As you can see, BTC dominance needs to decrease for an alt season to occur. If you're holding alts and your portfolio isn't moving, it's completely understandable to feel frustrated at this point.

#BTC #ETH #solonapumping

BTC dominance isn't reducing; it's increasing continuously.
It did decrease for a while, but liquidity wasn’t significantly injected into alts. This appears to be more of a liquidity grab than a sign of alt season. Things aren’t looking good at the moment, but remember: it’s always darkest before the dawn.

Not financial advice, but if I were in your position, I’d simply DCA into my spot bags in a diversified manner at key levels.

Good luck, mates!
#BTC #ETH #Altseason

In crypto or any other form of trading, the most important element to always consider is market psychology. Everything, including indicators, becomes irrelevant against market psychology. The current BTC price trend, while alts remain stalled, suggests that the market is heading toward a correction. Even if BTC reaches $100k, you need to understand this: without a solid correction and accumulation, alts won't move, and BTC dominance won't decrease. You've waited this long, so you can afford to wait a bit longer. If possible, consider DCA (dollar-cost averaging) into spot bags and avoid futures for now.

Thank you!

#btc #eth