Crypto MCap inverse head and shoulder pattern 👀 The recen | Ether Wiz on Binance Square

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Crypto MCap inverse head and shoulder pattern 👀 
The recent dip was the final capitulation before reversal.
Reasons:
CPI inflation is cooling down after oil prices dump
Probability for July rate cut is going up 
Companies are raising billions to buy more BTC
Spot ETF approval for alts are coming 
$4T is the next stop.

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NASDAQ is almost back to its previous ATH. And there's a simple reason behind it. If anything good happens, the markets will pump. If anything bad happens then the Fed will print, and the markets will pump. In either case, the market will go up in the long-term. And because crypto follows stocks, I think BTC and alts are also going to have major rallies in the coming weeks.

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Crypto MCap inverse head and shoulder pattern 👀 The recent dip was the final capitulation before reversal. Reasons: CPI inflation is cooling down after oil prices dump Probability for July rate cut is going up Companies are raising billions to buy more BTC Spot ETF approval for alts are coming $4T is the next stop.

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Tariffs war is over. The WWII is not going to happen. Oil prices are crashing hard. The FED governor is hinting towards a July rate cut. For the first time since May, risk-on assets like alts are looking really good. I hope this rally continues for at least 2-3 weeks.

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Weak hands sold hard during the current market dump. Meanwhile, conviction buyers added more to their bags. Interestingly, something similar happened during August 2024 crash which marked the bottom. It feels like local bottom is in.

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$BTC Wyckoff accumulation is now in its final phase. Yesterday's dump was nothing abnormal, and much needed. Since $74K bottom, BTC nearly pumped 50% without any correction. Now, most leveraged positions are gone and OI is looking much healthier. Meanwhile, BTC is back above $100K. I think a few weeks of consolidation before uptrend continuation is highly likely.

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