Current market situation
$BTC has reclaimed the $60k level, which is an important pivot point. Liquidity zone above the last ATH seems more likely now.
On the other hand, the Bitcoin dominance (BTC.D) is at a major htf resistance level, and the uptrend is losing strength. This idea is supported by the bottom formation on the altcoins dominance chart (OTHERS.D). This is why despite using BTC as a reference for market direction, the focus and money should be on altcoins.
In my opinion we are about to enter an important impulsive bullish wave, where altcoins should outperform. The plan is clear.
$BTC has reclaimed the $60k level, which is an important pivot point. Liquidity zone above the last ATH seems more likely now.
On the other hand, the Bitcoin dominance (BTC.D) is at a major htf resistance level, and the uptrend is losing strength. This idea is supported by the bottom formation on the altcoins dominance chart (OTHERS.D). This is why despite using BTC as a reference for market direction, the focus and money should be on altcoins.
In my opinion we are about to enter an important impulsive bullish wave, where altcoins should outperform. The plan is clear.
