ONE NUMBER ON WEDNESDAY WILL MOVE ALL THREE MAJORS AT ONCE
Step back from the individual charts and the picture gets very clear
Bitcoin dominance sits above 59 percent which means alts are still waiting for permission
The fear and greed index reads 61 which is greed but a nervous kind of greed
The cycle index sits in the growth phase since late September
Nobody is euphoric and nobody is capitulating
Wednesday is the catalyst
US CPI lands midweek and the market expects inflation near 4 percent
A cool number could send BTC through 85K and drag ETH and BNB with it
A hot number risks a flush toward 80K and the whole market bleeds together
That is how correlated this market still is
The majors move as a pack and the pack follows the macro
Watch the ETF flows too
Bitcoin funds stabilized with a small inflow on Friday
Ethereum funds are still bleeding with nine straight days of outflows
That divergence matters
Money is choosing Bitcoin over ETH right now and BNB is just riding the wave
My take as an analyst? Cautiously bullish into Wednesday but keeping dry powder
If CPI surprises cool I want exposure to all three
If it surprises hot I want cash
No heroics before the number
Which major outperforms this week?
$BTC $ETH $BNB
#BinanceSquare #WriteToEarn #Crypto #Bitcoin #Binance
Step back from the individual charts and the picture gets very clear
Bitcoin dominance sits above 59 percent which means alts are still waiting for permission
The fear and greed index reads 61 which is greed but a nervous kind of greed
The cycle index sits in the growth phase since late September
Nobody is euphoric and nobody is capitulating
Wednesday is the catalyst
US CPI lands midweek and the market expects inflation near 4 percent
A cool number could send BTC through 85K and drag ETH and BNB with it
A hot number risks a flush toward 80K and the whole market bleeds together
That is how correlated this market still is
The majors move as a pack and the pack follows the macro
Watch the ETF flows too
Bitcoin funds stabilized with a small inflow on Friday
Ethereum funds are still bleeding with nine straight days of outflows
That divergence matters
Money is choosing Bitcoin over ETH right now and BNB is just riding the wave
My take as an analyst? Cautiously bullish into Wednesday but keeping dry powder
If CPI surprises cool I want exposure to all three
If it surprises hot I want cash
No heroics before the number
Which major outperforms this week?
$BTC $ETH $BNB
#BinanceSquare #WriteToEarn #Crypto #Bitcoin #Binance