Editor's Note: This article analyzes the key signals in the current cryptocurrency market and predicts future trends based on the author's experience and insights into market cycles. The author suggests that the Bitcoin market share is at a resistance level and the ETH/BTC ratio is at a support level, hinting at the possibility of an Altcoin season. Although the current market conditions are not perfect, the author believes the cryptocurrency market still has growth potential and advises investors to remain calm and continue HODLing their existing assets.
The following is the original content (edited for better readability):
At this moment, we are witnessing one of the clearest bullish signals I have seen in the three previous cryptocurrency cycles:
· BTC.D (Bitcoin market share) is in a resistance area
· ETH/BTC (Ethereum/Bitcoin) is at a support level
The last time this happened, Altcoins surged. Will history repeat itself?
I have experienced three bull markets, growing my crypto assets from $4,000 to around $4 million. Much of my success has come from analyzing cycles, timing, and trends.
Forget the mythical figures and complex chart lines... the real key is to grasp the big picture of the crypto world.
Let's start with a basic concept:
· Assets peak when they appear most attractive
· Similarly, assets bottom when things seem the worst
There is ample historical evidence of this in the crypto world.
So, in a bull market, the key question to identify the market top is: "Are there still potential growth drivers that the market price has not yet considered?"
The FTX collapse is a classic example.
When things hit rock bottom, improvement is the only way forward. Solana even went from $8 to $297, setting a new high.
Conversely, when everything seems perfect, a decline is inevitable.
Staying clear-headed amidst these fluctuations is crucial.
Retail investors are exiting the market, some facing financial difficulties - this is an important step forward.
Hope seems to have vanished, and the belief that the crypto market will decline has become mainstream.
But in fact, the current situation is very favorable for crypto growth. We have:
· A pro-crypto president in a major country
· Widespread adoption
· Bitcoin reserves in the US
It's hard to imagine a better scenario. But the challenges are just beginning...
Based on the theory I mentioned earlier, we are at a peak, and the only way forward is down.
However, the current indicators do not show that the market has reached a peak, and the timing suggests the arrival of an Altcoin season.
So, what is our actual position in the market? Let me explain in detail.
If we are in a downward cycle, it would mean:
· The cycle has completely stopped functioning
· BTC has become a macro asset
Additionally, many have considered shifting to stablecoins from April to May and returning in the third quarter.
But the problem is, when everyone thinks the same way, things often don't go as planned...
This is why I tend to believe that the current situation is far from perfect.
While BTC may transform into a larger macro asset, the cycle itself is likely to continue as usual.
If we exclude BTC, the current market conditions are almost the worst-case scenario.
The gloomy prospects for Altcoins actually suggest a potential upswing.
This is reflected in the fact that BTC.D is at a resistance level and ETH/BTC is at a support level.
The last time this happened, it triggered a surge in Altcoins.
The current trend indicates that we may be at the start of another Altcoin season.
I believe we are at a critical moment in the market.
I have outlined the possible scenarios to better understand the situation.
Based on the trends in the crypto market, I tend to believe that the market will continue to grow.
However, I advise caution; it's best to maintain your current holdings and avoid making drastic adjustments.
Just HODL, don't worry, we're all in this together.
The main goal right now is not to lose your assets.
Because it seems like everyone is trying to steal your tokens, even including the President of Argentina...
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