$BTC Testing its Bull Market Support Band yet again.
So far, bulls are protecting this area which is a key high momentum indicator for the high timeframe trend.
$BTC Has seen an incredibly steady run this cycle.
The biggest drawdown from monthly open closes disregarding wicks is -20%.
If we include wicks, the biggest drawdowns were -33% during the Summer of 2024 and 32% in April 2025. These were caused by the Yen Carry Trade blowup & Tariff uncertainty.
All in all, a relatively comfortable cycle for long term holders with a lot less volatility compared to previous cycles. The downside is of course that you're less likely to get those insane returns you saw previously. The market is maturing.
Is it time for altcoins to run?
The TOTAL3 chart is making it look that way.
Alts are now breaking out of a triangle to the upside and pushing at the top Bollinger Band.
Consolidation since mid-August now looks ready to resolve higher.
RSI isnโt overheated, and timing lines up perfectly with a BTC โ ETH โ alts rotation.
Classic correction on the #Bitcoin markets today.
Is it based on the news in Qatar?
Is it based on the job data news?
Nobody knows.
All I know is that we're still beneath the 20-EMA and if this doesn't close north of it, I'm sure I'll max long the next dip.