ProfitCircle Mr P

Altcoins dipped. But $ETH didn't yet. If you wonder why, it's because of these 3 really Important ETH METRICS Charts I shared inside Premium Chat first week of MAY when ETH was $17xx levels telling them:

ETH is about to find strength and Alts will move alongside BUT Alts will not retain value like ETH will Because of #ETH/vs/Alts & #ETH/OIL charts indicating that there is not yet an alt-season for smaller Alts while ETH strength will be reflected on a different paradigm.

Open Trading View and See these Charts yourself. Exactly doing what is expected - Alts to loose steam to $ETH

This is Fundamentally true even because China is dumping U.S. treasury (a detailed post on this later some time) but the kind of money that is right now moving into Crypto is not general Alt/Friendly retail but Feared Money that was looking for hedge upon fears of inverted Yield curve etc.

Feared Money doesn't go for Meme coins - They go for BTC AND ETH this particular time too as rate cuts are anticipated later this year.

But not Altcoins. Not an Altseason yet. They don't look to find their Safe Haven Hedge in PEPE or similar meme stuff I mean. Is why Alts are giving back already the gains.

I'm Macro Bullish still on $BTC but I'm just reinstating what I also said right before this pump started (and we played it pretty well on Alt & ETH longs) but I had mentioned ETH will lead show VS other Alts specifically in terms of retaining Value.

$BTC notice behavioral change above and Below that line from an older post but still relevant. When it was above, it was helping BTC. Dom rise swifter. Below this Line, #Alts have been winners as $BTC keeps up with gradient of this level but rejects testing it as resistance each time. I feel here will be some sideways and flattening before next up.

Notice it is also testing currently my $105k / $104k Support cluster.

$105k/$104k Should be Levels of Interest for $BTC , This Week from Support Point of View.

Remember the $109991 Resistance I shared?

$BTC dumped right into $106790 Support from there—also shared publicly✅

Then this 3D Chart helped predict, for Premium:
• After $106790 Support, $BTC will bounce big towards $110k✅
• Now opened below this 3D Trend Chart✅