My panoramic view for this uptrend wave.
We are in wave 5 very close to the peak of this wave. When the weekly RSI index reached its peak divergence, trading volume also gradually weakened
This will be the final stage for altcoins to pump one last beat, but not all of them will fly, you focus on layer 1, the new coin list and a few AI, gamefi and those that have not yet pumped. Make sure you have at least 50% USDT and USDC in your bag.
This final pump will see BTC sideways at a price range of 4-5k + release dom to let alts fly. From my perspective, this will be the alt season, but for fish, this will be the peak distribution period, so at least if this part feels good, you should cut down on the roots.
DON'T JUST HOLD USDT. Store at least 2-3 stablecoins in your wallet. My wallet always has USDT, USDC and DAI
Why did I tell you to get rid of goods before the end of March?
When good news will continuously come out in 2024
- Cut interest rates
- Public debt maturity
- National governments will have signals to print money or bring money back to the market after more than 1 year of freezing
- US election November 2024
- The war is about to end
- Halving in April or countries drafting a legal framework for Bitcoin ETF.
But these news will only run at the end of Q3 and Q4, not now. To me, this period is quite similar to the period in March-April 2023 when the whole market was still bullish but most alts prices only decreased even though BTC increased. After that, BTC had a re-accumulation zone for 4-5 months and then grew strongly. And don't forget we haven't had a really strong crash in the past year