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

➮ 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:

➮ 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.

➮ 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

➮ 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

➮ 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.

➮ I recommend that you take this position now and focus on the following:

- Learn some new skills

- Research new narratives/ideas, etc

- Search for undervalued alts

Accumulating the right positions now = 100x profit

Here is a list of factors to watch to catch the reversal:

➮ $BTC Dominance

✧ The chart shows BTC's mc as a % of the total crypto mc

✧ Since April, BTC.D has formed a consolidation zone from 54% to 57%

✧ As soon as it breaks below this zone, the altseason will begin.

➮ Trading Volume

✧ Trading volume is currently much lower than it was in 2021, even though Bitcoin's price is higher

✧ There's no retail involvement yet, so as soon as it starts to increase, the market will rise

➮ Stablecoin Index

✧ This index indicates new capital entering the crypto market

✧ As we can see, we are far from reaching levels seen in previous cycles

✧ Once liquidity starts to increase, the market will grow accordingly.

➮ Global Net Liquidity Index

✧ Another way to look at the current market stage is by monitoring the Global Net Liquidity Index

✧ This indicator gathers major central banks' assets and FED reserves

✧ For now, we can see that global liquidity is also in consolidation

➮ Also, a good way to kill your doubts about the market is to follow the opinions of pro traders because when 10 of them say that we are in a bull market and growth is coming

The sentiment turns bullish

Here are a few such opinions:

➮ GCR says that we're still in a bull market, echoing the summer of 2020

✧ For those who don't remember, after the summer 2020 dip, most alts went parabolic over the next 6 months

✧ And if history repeats itself, this might be the last chance to accumulate positions

➮ Capo says that $BTC and $ETH still look strong, with the acceptance of the ETH ETF S-1 form, etc

✧ He simply can't be bearish here

✧ He continues to accumulate positions in altcoins

➮ Conclusion

✧ Considering all factors and the overall picture, it's not all that bad, there are more bullish factors than bearish ones, and you need to take advantage of the current sentiment.

✧ So, while we are in a local dip, accumulate positions, learn new skills, develop yourself, and by the end of the cycle, you'll find yourself among the winners.

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