🧐 Bitcoin at a crossroads: correction or the beginning of a big cycle?
💡 A death cross has formed on the MACD for $BTC on the weekly chart — historically, this has often signaled an upcoming decline. But this time there are several factors that could change the scenario:
1️⃣ ETF inflows: in August, over $500 million flowed into Bitcoin and Ethereum. This shows that institutions are not in a hurry to exit.
2️⃣ Rare divergence of BTC and ETH: Bitcoin has already fallen by 11%, while Ethereum remains stable. This has happened only 2.7% of the time since 2020. Historically, in such moments, ETH has shown strength.
3️⃣ Whales are accumulating: +13 wallets with 1K+ BTC and +48 wallets with 10K+ ETH. This hints that smart money is using the declines to enter.
🚨 September is the weakest month for crypto (-3.7% on average over 12 years). But such periods often became the starting point for significant upward movements.
📊 My view:
Bitcoin may test the area of $105K–108K once again before a new impulse begins.
Ethereum looks stronger and may be the first to break resistance at $5K.
Altcoins are waiting for a signal from ETH, and if it takes off — a real altseason will begin.
