I started shorting BTC at 93000
Doesn’t mean the bull market is over✅
When will the copycat start?
BTC Dominance vs. Altcoin Launches?
In the cryptocurrency world, BTC’s dominance has always been a market indicator.
For veterans who have experienced the 4-year cycle
The pulse of the current market does not seem to be elusive
BTC is undoubtedly in a bull run
But when will the altcoin be launched is a mystery to many partners
BTC Dominance: A Key Turning Point
Finding clues from historical patterns
We found that when BTC's dominance drops below 58% will be the key to determine the launch of altcoins. If the dominance continues to rise, BTC may have the potential to rise again. But it is worth noting that it is unlikely that BTC will directly reach $100,000 this month. According to order data and deduction, the price limit of BTC's top may be around $120,000, but this is already a relatively optimistic deduction forecast, and my personal bias is for reference only.
Batch profit taking and hedging strategies
Facing the current market, I posted a post in the early morning of the 14th that I had taken the approach of taking profits in batches, shorting BTC in the currency standard to hedge risks. On the 14th, at around $93,000, some large investors began to reduce their holdings of BTC. This was a prudent decision based on market data.
BTC dominance suppression area
The target area for BTC dominance suppression is between 61% and 65%, corresponding to a BTC price of about $96,000 to $98,000. This area is an ideal position for experienced investors to short BTC. Of course, shorting requires caution, but blindly chasing highs is even more undesirable. At present, I cannot see the short-term possibility of BTC reaching 150,000 or 250,000.
Bull market top construction: Caution is the best
The average construction time of the top of the bull market is about 120 days, during which the market will fluctuate disorderly. Therefore, we need to be highly cautious and avoid being confused by short-term fluctuations.
ETH: A potential stock with delayed start
As the second largest currency in the market, ETH's performance often lags behind BTC by about 60 days. According to this rule, ETH's surge may take some time. At present, the ETH exchange rate has once again broken through 0.038, which will be the key to determining the trend of ETH series altcoins. You need to pay close attention to it.
Operation strategy: Wait patiently
In the face of the current market situation, we should patiently wait for the decline of BTC's dominance or the 61% to 65% suppression area. These two positions will be a great opportunity to start the "money picking market", especially for potential currencies such as ETH and SOL.
Summarize
The cryptocurrency world is ever-changing, but historical patterns can always provide guidance for investors.
In the evolution of BTC dominance
Finding the right time to launch altcoins requires patience
