$USDC

Yesterday everyone was still feeling great — and today they are already shouting: the alt season is canceled.

Bitcoin continues to move sideways — currently $103,312, and everything happening in the market is just a consequence of liquidity flow.

Fear and greed index — 71 (greed)

Market capitalization — $3.25 trillion

Without BTC and ETH — $889 billion

BTC dominance is rising again — already 63.12%

This means that the altcoin, which was actively pumped from May 8 to May 13, has entered a correction. But do not confuse cause with effect: the rise in dominance is the result of money flowing out of altcoins, not the reason for their decline.

For BTC, there are two options:

Breaking down — catching support around $92,700–94,900

Or we go storming $105K+

On the 1D chart, we are still in the seller's zone. Longs are risky, shorts are only as a hedge with a short stop. If we go lower — interesting levels to enter long: $86K–92K

The market is waiting. The flat has dragged on. Everyone is watching Bitcoin.