Yes, technically everything looks very positive, especially considering how altcoins have behaved — for many assets, the seller is simply no longer there. All the pressure mainly came from correlators.
Why do I think so? It’s simple.
When the S&P 500 drops by 15%, and at the same time Ondo, AVAX, Internet Protocol, HBAR decline by the same 10-15%, while some, like fartcoin, Layer or Tron, even grow — this is an anomaly.
Usually, when SPY drops by at least 5%, altcoins fall by 20-30%, but here the market 'calmly' endured the stock market black swan.
The conclusion is obvious: for many assets, the seller simply no longer exists. The entire decline earlier was caused by correlation — crypto has already priced in the decline over the past 2 months.
The absence of pressure from sellers + the removal of liquidity on the charts with the formation of a potential reversal structure — these are indeed strong arguments in favor of growth.
But. So far, geopolitics hasn’t gone anywhere. Trade tensions between the USA and China still hang over the market. And this does not provide complete confidence that some news tomorrow won’t crash everything again.
Therefore, volatility remains, and surprises are not off the table. But I am set on this: if there is another pullback to 80K soon and we see an adequate buyer response — it’s worth trying to buy back.