After the euphoria, complete calm prevailed, as the cryptocurrency market decided to reach the peak of its performance. The charts are zigzagging, and traders are moving at a rapid pace, and the question on everyone's lips is the same: what are we waiting for? Well, according to his analysis this week, the answer is simple: we are waiting. In the meantime, we are presented with keys to a new strategy: the "Steady Lads" project, an investment portfolio of €100,000 managed with "great care".

When the merger becomes a puzzle

The market as a whole (the famous total market cap) has been in a state of consolidation since mid-August.

A "descending wedge" is forming, a pattern that most analysts consider bullish. In other words, the market is pushing for recovery. The question remains: when? And if we look at the dominance of stablecoins (USDT + USDC.D), which indicates "sheltering" funds, we find that it is at its peak of activity. Is there hope? Just a "false breakout" that would lead to a decline in the dominance of stablecoins, theoretically making the markets more optimistic.

The ultimate indicator of the famous "altcoin season", the altcoin season that every trader dreams of, is also in a state of anticipation. In fact, Bitcoin's dominance, along with stablecoin dominance, has been on a continuous trend line since 2021.

Bitcoin is calm, Ethereum is a rising star, and the others?

For its part, Bitcoin, the giant of cryptocurrencies, is taking things simply. After dropping below $112,000, it began to quietly consolidate. Good news! In fact, when the leader is calm, his "younger brothers" can express themselves. And the star of the moment is undoubtedly Ethereum, which continues its ascent, consistently recording higher highs and lows (and that is the essence of an uptrend).

As for alternative currencies, patience is required. Solana, Arbitrum, and AAVE show interesting signals, but they are not enough to take off without thinking. We are waiting, for example, for a retest of a previous resistance level (price ceiling) as a support level (price floor) before considering buying. Arbitrum is facing a similar situation, as is AAVE, which has already shown a 7% recovery for those who were patient and placed their orders in the right place.