✅️ $BTC broke from 105200 up to 105819.
✅️ Fear and Greed Index - 70
Bitcoin dominance - 62.71%
✅️ The breakthrough happened on positive news that recently came out, specifically the agreement between China and the USA regarding tariffs for 90 days, where China is reducing from 125% to 10%, and the USA from 145% to 30%.
✅️ So, while most do not believe in altseason - it is already happening) Bitcoin dominance is falling, Bitcoin is rising, and altcoins are rising even more. But most will realize this only after 70% of the movement has occurred and all metrics will speak about it post-factum. Also for the cautious, who wanted to enter during a correction, they are simply not providing it yet, but are giving sideways movement and going higher. However, eventually it will come. But for now, the targets for Bitcoin are towards historical marks around 107-109k.
✅️ Ethereum is also not giving a correction at least towards 2100, where most would prefer to enter more safely; we are most likely going towards 2800-2900. Just recently, no one wanted to buy it at 1400. The market mood changes quickly, and if you move not according to plan but based on emotions, you will lose in this market.
✅️ This week, important economic events will include the publication of U.S. macro inflation data, specifically the CPI index (May 13) and PPI (May 15), which are very important for financial markets.
But right now the biggest focus is on the publication of the report from the negotiations between the USA and China regarding trade tariffs in Geneva.
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