$BTC

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🤔 Some thoughts

📉 BTC.D 1D chart

I’ve noticed how the Bitcoin dominance chart is behaving during this local correction. So far, we’re not seeing aggressive dominance growth alongside the drop in BTC price, like we saw on May 5th, for example. This suggests that money is being parked into altcoins.

💡 Honestly, after so many years in the market, it’s better to play cautiously than to try and run ahead of the train. That’s why I’m taking a more conservative and wait-and-see approach right now — either waiting for a deeper pullback in BTC or until this current correction runs its course.

🧠 We’re up against some very smart players who have taught us over the past couple of years one simple rule: if you don’t want to get burned, wait for the pullback. We also witnessed from January how fast altcoins can drop. But now I'm asking myself — what if we get another 10–15 days of sideways movement, a small dip, and then continuation upward?

📊 Tariffs have already been priced in, both on equities and BTC, and earnings reports haven't confirmed recession risks. For now, I don’t see strong fundamentals for a sharp sell-off like we had in February–March. A technical correction? Sure. But a full-on crash? Not really.

🧐 I remain more skeptical for now, like most others who are holding spot portfolios with unrealized losses. But considering recent moves in ETH, altcoins could pleasantly surprise us this year. 🔥