The reserve was announced and nothing happened. The markets continue to fall, positivity has clearly dried up.
I buy separate assets in spot, trading shorts speculatively — what works much better than longs in the current 'bull' market 🙂
Retail does not want to believe that the peak growth occurred in December and there are no prerequisites for growth in the near future, fantasizing over charts where dominance is about to bounce, total3 capitalization will rise and calling the current decrease a correction (fourth month of correction, Carl!).
The evidence that hope dies last is the liquidation charts — long holders are still 'leading' there.
Therefore, instead of trying to catch the 'bottom', which keeps getting deeper each time, it is easier and more logical to short on the bounces — trades pay off immediately. Rather, that's what I do. I could be wrong. But so far, all those analysts who predict alt season since late December based on their indicators are the ones making mistakes 🙂
Of course, since Twitter has become the main market maker, the market has become like a circus and fundamental factors are now taking a back seat. Technical picture: whales are accumulating, retail is selling. But, as I wrote earlier — whales have time and resources. It doesn't matter to them whether it grows tomorrow or in six months. If it falls harder - they will buy more. Retail usually has a limited fiat reserve.
Once described possible prerequisites for growth:
- state reserve
- ETF on $SOL , $XRP and so on.
- staking in ETF
- easing of monetary policy
In fact, all of this has either already been implemented (state reserve, ETF on Solana March 17) or is 'on the way' (rumor has it that the market is pricing in a rate cut in May), but as we can see, these factors are no longer enough for growth.
The current stage is possibly a transition to accumulation. Not the worst scenario — in this case, we may still see growth in the next six months. An alternative option is that the culmination of the bull market has already happened. In this case, we are waiting for a decline.
