$BTC is ripping and alts are pumping at the same time.
Normally when Bitcoin moves this fast, alts get drained. Liquidity rotates out, capital chases BTC, alts bleed.
Not this time.
The entire market is moving together. BTC up, alts up, breadth expanding instead of narrowing.
That's not typical rotation behavior.
Could mean real risk appetite is coming back into the market. Could also just be a squeeze that gets given back the second BTC cools off.
Watching closely to see which one it is.
BTC trading around $64K, squeezed between the bear market resistance band ($69K, falling) and the 200-week MA ($63.7K, rising).
These two lines can't converge forever. A breakout decision is coming in the next couple months: break above the band, or break below the 200W MA.
History says August is the tell. Every midterm year August since 2010 has been red (2022 down 15%, 2018 down 15%, 2014 down 18%). July was green like usual. Onchain resets like MVRV aren't fully done yet either.
Not a prediction on timing, just watching which way this squeeze breaks.
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