BITCOIN (and alts) market structure report 📰
Here are the facts with no bias in it
This is the biggest inflection point since the 60K lows
This either a major BULLISH RETEST for the crypto market as a whole 🐂
Or this is a BEAR FLAG 🐻
Major alts like ETH, DOGE, Ect. are also retesting major points
ALTS are technically set to move, but they don't control the market (Alts are still tied to BTC no matter how good they look so don't make your decision solely based on altcoins)
Bitcoin does an incredible job of blurring the lines on inflections points like this - you can reason on it both ways
Its split down the middle sentiment-wise between bulls and bears
But that's what makes this a market, it will always be this way
Take your positions now, do what you think is best for you
Coinspeed brothers 🫡
@jessepollak Jesse been patiently waiting to call the bottom to give his first 10x+ with size
The next run will be legendary and it will begin with YOU and your buddy below
This bear market for alts has already lasted longer than the entire 2022 bear market. In lots of cases even way more than that.
Lots of people either failed to see it or in many cases, acknowledge it & instead were looking for yet another capitulation, which came after the capitulation of Feb 6th, which came after the 10/10th capitulation 🤷♂️
Greed works both ways.
It is not surprising then, that just like in any bear cycle people got fully beared up only after the whole move down & at those lows & in many cases even those who consider themselves "sophisticated".
And just like in any trend people became greedy, moved their targets and wanted more of the trend, in this case, lower.
The bad news stopped moving the market lower no matter how bad they got, crypto became the #1 muted topic on X as the volatility completely died out in the worst sentiment the space has seen & market ran out of sellers..
I kinda fail to see the bearish case here which makes for a logical outcome in which the speed & time may be at question but the direction shouldn't, and it is higher.
5B+ market cap is a low ass target for a top meme on Base
Top meme Doge hit 80B
top meme on Eth hit 40B
Top meme on SOL hit 13B
$Brett is one of the only memes in the world remaining that has such a strong case to get that high
That’s a modest 70x+ potential from 70M market cap today
The Bitcoin bears got excited yesterday but I don't really see the reason for it yet.
The bulls remain the higher ground and there is still a plenty of supports beneath us.
Should those give up, you start changing your bias, no emotions, but until then, it is merely an anticipation which is ignorning lots of data like a horse with eye blinders.
There is a plenty of additional data that I discussed in my paid services but don't overcomplicate it. We've broken the downtrend, we've broken the March high & the structures are great on both Daily & Weekly.
Yes, we've hit a strong liquidity point & CME gap (also discussed) and the market is reacting from it, logically. And yes, I've personally hedged there too but it is clear which side is leading right now
I'd rather be worried that this ain't a bear market rally after all right now. Remember that it was a bear market rally from 15K to 126K
Lots of people miss crucial context, so much nonsense around.
Soon crypto bros will find out the pricing in mechanism of Bitcoin. Think of all the events possible, good and bad, halving, quantum threat, FIFA World Cup, credit events etc.
You saw how the 2024 halving was priced in and BTC did the first ATH of its kind
Now imagine doing a new ATH waaay earlier than last cycle. And for the bad stuff, corrections of 40-50% to be a part of this cycle, unlike 2022-2025
Imagine all the good stuff during bull markets that needs a lot of waiting, giving you time to accumulate, actually is front run by many many months
2013-2017 took 1200+ days to reach previous ATH
2017-2020 took 1000+ days
2021-2024 took 800+ days
2025 + x days = wen?
Just imagine
$USDT.D - The dominance of USDT is currently sitting at bear-market low levels, which has been a strong reversal area over the last couple of years.
Because of this, I’ve been leaning more toward the bullish side for the broader crypto market lately.
However, until there are clear signs of weakness in USDT.D, such as the price breaking below the 1D Bull Market Support Band, which has been a strong reversal spot over the last couple of months, and which would also align with bullish confirmations across the broader crypto market and reclaims of important high-timeframe support ranges that were lost, I will maintain a more conservative approach and stay in the hedges I took weeks ago.
That’s because, for now, I believe the most likely outcome remains mid-term distribution around the high-timeframe resistance range marked in red and further consolidation across the broader crypto market.
The Fear and Greed Index is currently showing levels of fear higher than:
March 2020
June 2022
November 2022
August 2024
April 2025
This is where winners are born.
Ethereum has arrived at the macro range lows, at last!
This is the time for the bulls to show their horns or head to the slaughterhouse.
I'm getting long here at the logical level with tight invalidation and the prospect of macro adoption in the upcoming years.
Nothing has changed from my macro bias.
Just cause the odds are high does not mean it will work either, but it is the right decision. Understanding this will lead you to positive longevity results.
$BTC - Not calling for anything yet, as I believe it's premature without further confluences, however, the Spot Volume has reached levels that throughout this bull market have marked some of the most pivotal points.