📜 Joseph Benner's Chart (1875) — an attempt to predict the cyclicality of economic processes based on historical crises and patterns of global economic development.

🔄 Phases of the cycle:

A — years of economic crises. A challenging time for investments, increased risk of "black swans."

B — years of growth and peak prices for stocks, real estate, and risky assets. The best time to sell.

C — deep economic depression, market decline. The best time to buy.

📌 According to the chart, the year 2026 falls into phase B — the time for selling.

It may seem that the market is currently at the bottom, but if we combine this model with current forecasts and Fed policy, the picture looks logical:

The Fed is likely to lower rates by the end of the year

This will support market growth in 2025–2026

Next — transition to phase C, when prices reach their lows

📊 What we see now:

The market is already "waking up"

Liquidity is shifting from BTC to ETH

This is a typical signal for the end of the BTC season and the beginning of the ETH → ALT season

BTC season → ETH season → ALT season

✅ The plan remains in effect:

Timelines unchanged

The Fed is preparing to lower rates

Capital flow between assets is already noticeable

💪 Wishing everyone endurance and cold calculation!