Market update - BTC looks like it wants to erase majority of the gains from the trump rally going into Q1. SP500 already did erase them gains, BTC hasn’t yet .
Bright side is market will have ample amount of time to consolidate after the rally has been reset . I will show a chart to show what kind of PA it’s most likely will be . Also, I think BTC.D will have the last spike above the 62% topping anywhere in 62-65% range . ETH might retest the consolidation pocket of low 2ks again correspondingly if we have a BTC retest below 80k .
Coming back to alts- yes, alts have had a massive sell off mostly owing to the meme coin frenzy , ai agents etc with retraces slightly higher than the previous bull market mid cycle corrections which is expected given the fact that this cycle has been about selective bidding .
TOTAL market cap chart looks like January 2021 where it consolidated above the broken prev high.
Market sentiment overview- Job market is pretty strong . Less chances of fed cutting rates meaning some short term pressure on crypto equities is abound especially with a strong dollar along side . Things can change very fast tho post trump swearing ceremony . A regime change is always a turmoil in market although short lived . Overall, there is already some fear mongering from FED and analysts about economic conditions being very close to previous recession periods .
My opinion on the current situation is - this is simply the trump rally getting a bit of reset and the bull market is far from being over . Hedge funds haven’t had the time to position into crypto yet and there is still a lot of cash sitting on sidelines. Liquidity has started improving in January which means it will get reflected on crypto and equities with a lag of a month or two give or take . No need to panic unnecessarily unless there is some very obvious ominous signs . Patience is your key for wealth growth . The fittest and most willing will survive which is 1% of investors / traders . It is up to you now if you wanna be in the 1% or get left out on sidelines capitulating at every correction.
Bright side is market will have ample amount of time to consolidate after the rally has been reset . I will show a chart to show what kind of PA it’s most likely will be . Also, I think BTC.D will have the last spike above the 62% topping anywhere in 62-65% range . ETH might retest the consolidation pocket of low 2ks again correspondingly if we have a BTC retest below 80k .
Coming back to alts- yes, alts have had a massive sell off mostly owing to the meme coin frenzy , ai agents etc with retraces slightly higher than the previous bull market mid cycle corrections which is expected given the fact that this cycle has been about selective bidding .
TOTAL market cap chart looks like January 2021 where it consolidated above the broken prev high.
Market sentiment overview- Job market is pretty strong . Less chances of fed cutting rates meaning some short term pressure on crypto equities is abound especially with a strong dollar along side . Things can change very fast tho post trump swearing ceremony . A regime change is always a turmoil in market although short lived . Overall, there is already some fear mongering from FED and analysts about economic conditions being very close to previous recession periods .
My opinion on the current situation is - this is simply the trump rally getting a bit of reset and the bull market is far from being over . Hedge funds haven’t had the time to position into crypto yet and there is still a lot of cash sitting on sidelines. Liquidity has started improving in January which means it will get reflected on crypto and equities with a lag of a month or two give or take . No need to panic unnecessarily unless there is some very obvious ominous signs . Patience is your key for wealth growth . The fittest and most willing will survive which is 1% of investors / traders . It is up to you now if you wanna be in the 1% or get left out on sidelines capitulating at every correction.
