Quick market overview 1. BTC 2. Dominance 3. ETHBTC (bull propaganda) 1/ Bitcoin Want to see Bitcoin lead the market into its next leg. > Healtier for the market > More money in Bitcoin, more fuel for Altcoins. It's trying right now. (not a macro chart, but medium time frame) 2/ Dominance Historically, 90% of the cycle is bitcoin season with rising dominance; only in the last leg (bitcoin’s 2nd leg into new highs) does dominance drop In my book, it’s simple: > Dominance up = bitcoin season > Dominance down = altseason This is why I want Bitcoin to lead again — I want a clear 2nd macro leg into all-time highs as it historically fuels altseason > Cycle resistance (assuming we don’t break the 4-year cycle) still leaves room for a 2nd leg > This could mean another dominance push (not necessarily), but I’d take that over topping here and seeing dominance drop >Bitcoin leading another rally would give us so much more fuel If you focus on the strength and attention, and catch (at least a few) of the outperformers, you can easily eat some more Bitcoin dominance strength as long as it's in combination with Bitcoin strength and not weakness. > HYPE up 4x since April lows > AAVE up 2.5 since April/May lows > CRV up 2x Focus on strength, attention, and hot narratives. Altseason won't be like 2017, where everything performs hard. Anyways, looks bullish. Even better if we get a clear Bitcoin second leg into new highs. 3/ ETHBTC Would line up nicely with some key levels on the ETHBTC chart as it's: > Macro forming a bottom stage 3 here > (imagine we break out and trend up) > But for now, still in the bottom stage > And hitting that macro range low resistance, which is a super key level > I fully do expect it to break, but for now, it's resistance, and as long as we're above a higher probability level of chop/fuckery or an initial rejection. > Could also first break above and give us some fuckery then, or maybe we slide through it as butter; but for now it's simply a higher probability trap zone which lines up nicely with a potential second leg of Bitcoin first. If you look at all touches from below, you can see (blue circles) that it usually comes with the traps, dips, rejections, and shake outs here. We could even range longer (more weeks/months) and go for some lows again without invalidating the macro bottom formation. Looks amazing on the macro — the reclaim of the range low, as shown on the chart, is one of the most bullish patterns, usually targeting the range highs (not sure if we get there, but plenty of room to trend up) Historically, this pattern almost always led to the top of the range. What’s interesting now is that in 2021, when we first broke it, we only formed a stage 4 higher high — never completed the full pattern, never invalidated it either We basically just retested the range low, and if we reclaim it now, it looks like many other setups right before the real leg happened (pure bullish propaganda, haha) Again, not saying we will have the exact same outcome, but it's an extremely bullish setup. (we need the reclaim first)