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🔵 Will the crypto market cap reach $3T soon Despite the market correction, the capitalization is consolidating above the upper limit of the ascending channel at the $2.1T, showing the sustainability of the trend. 🟢 On the weekly chart, we see a golden cross as the 50SMA crossed over the 100SMA. The last time such a golden cross appeared on the capitalization chart was in Jan 2020, coinciding with an increase in the market cap by over 900%. What does it mean for the market? I believe current correction might transform into another accumulation period for $BTC with institutionals continuing to load up ahead of bull run, with increased interest towards $ETH and altcoins. 🟣 In such conditions, the market cap is likely to continue growing, and we might witness a total cap surpassing $3 trillion this summer.

⚫️ $ZK - Poised for explosive growth One of the recently launched coins with the potential to break into the top 50 on CMC during the upcoming altseason. 🟢 The project boasts an impressive list of investors and holds the record for the amount of funds raised during funding rounds. It addresses Ethereum's main issue - scalability. On strong volumes, $ZK has broken out of a month-long accumulation range and has already consolidated above it. Over the next few months, I expect it to reach new ATH. 🔴 I’ve started building a medium-term position in $ZK within the $1.41 - $1.21 range. The expected price trajectory is marked on the chart.

🟢 A decrease in $BTC dominance - what does it mean Bitcoin dominance is one of the key metrics I closely monitor. When this indicator is rising, it signifies money flowing from altcoins into $BTC, and vice versa. It's a highly reliable market oscillator. 🟣 After reaching a two-year high around 55.1%, $BTC dominance has started a correction and already exited the uptrend. If the correction extends toward the 51.5 - 50% range, altcoins are likely to experience powerful pumps, as was the case at the end of last year. Supporting this are not only the technical dominance patterns but also the rising interest of large players. Since the adoption of the Ethereum ETF, the inflow of top-50 altcoins into wallets with a balance of more than 10 $BTC has doubled. 🔵 I'm confident that in the next 2-3 months, altcoins will deliver significant growth and substantial profits. That's why I continue to stack up my wallet and primarily focus on alts.

🟢 $AXS - Ready to ride the bullish wave For over a month, the coin has been in a downtrend. It has now broken through the trendline and consolidated above it. 🔴 Within the triangle, with the upper boundary being the trendline and the lower boundary being the HVN zone of $6.70 - $6.40, a large player has been actively entering $AXS. Morover, most of the coins were transferred to cold wallets (long-term storage). Judging by the accumulation volumes, the nearest resistance at $8.22 is unlikely to hold in the near future. If this is the case, we might see a local 5-wave rising structure. 🟣 I bought $AXS at the current price ($7.63) and will add the same amount in case of $7.13 retest. The expected trajectory is marked on the chart.

🟢 Good Morning Everyone! Let's start the workweek with an update on the market situation: 🟣 $BTC - $68,750. $ETH - $3,920. $BNB - $603.2; 🟣 Bitcoin dominance has fallen below 54%, hitting a monthly low; 🟣 Argentina and El Salvador are negotiating over Bitcoin - the countries plan to "create an alliance where $BTC will play a key role." 🟣 The meme coin sector is showing the best results. $FLOKI +20%, $PEPE +12%. $PEPE has already surpassed Polygon and Uniswap in market capitalization, ranking 18th on CoinMarketCap. The technical picture for $BTC suggests continued growth. The coin has held above the descending trendline on the daily chart and is trading above the 50MA. In the near future, I expect a recovery above $70,000. Additionally, if the trend of falling dominance continues, we will see excellent dynamics for altcoins this week. 🔵 As always, I continue to look for entry points in the spot market. As soon as I find a good setup, I'll share it with you immediately.

🎶 $6,000,000,000,000 With the Fed lowering interest rates, this money will flow into risky assets. That's why I talk so much about the key rate. Take a look at the chart: the bond market turnover reached a record $6 trillion by the end of last year. Investors prefer to earn 5% risk-free rather than risking it in the stock or crypto markets. Lowering rates will make holding cash a much less attractive alternative to investing in the markets. According to a BlackRock report, the average cash yield of 4.5-5% significantly lags behind other assets, including Bitcoin. And this is before the rate cuts. The company writes:

In 2024, clients should allocate funds to innovative assets that can provide decent returns.

Reading between the lines:

By the way, we recently launched an ETF, so now you know where to invest your money.

😈 Imagine the market capitalization by the end of 2024 if such a volume comes from the bond market alone.

😠 $ZK - Preparing for a Strong Rally One of the recently released coins with the potential to enter the top 50 on CMC during the upcoming altseason. 🟣 The project boasts an impressive list of investors and holds the record for the amount of funds raised during funding rounds. It addresses Ethereum's main issue - scalability. On strong volumes, $ZK has broken out of a month-long accumulation range and has already consolidated above it. Over the next few months, I expect it to reach new ATHs. 🤧 I've started building a mid-term position in $ZK within the $1.48 - $1.21 range. My targets are $3.69 and $5.18. The expected trajectory is marked on the chart.

👆 The global correction is still ongoing, or should we expect a recovery? ⚫️ As we discussed yesterday, the crypto market is highly manipulative. While traders were expecting a pump on the news, the market had its own plans. The result – over $400 billion liquidated in a day. ⚫️ Check out the $BTC chart. It took more than 2 months to gain 50% in price after the ETF launch. ETF issuers don’t go all-in at once; they accumulate gradually as demand grows. ⚫️ The launch of the Ethereum ETF won’t lead to an instant pump but rather a prolonged alt season. And honestly, I prefer this scenario. ⚫️ Approval of the Ethereum ETF means altcoins aren’t considered securities. I wouldn’t be surprised if we see applications for $ADA or $SOL funds within a couple of months. 😒 In the next few months, I expect market growth. Before the alt season begins, I’m adding to my speculative portfolio. I’ve already spotted a coin that could give some serious gains in the mid-term. I’ll share the setup with you soon.

🙂 $BNB - Expecting Continued Uptrend In the past few months, $BNB has shown some of the best performance among top altcoins. The technical picture indicates complete buyer dominance. ◼ Take note - during the recent market correction, many altcoins lost over 60%. Meanwhile, $BNB only retraced 20% and stayed above the 50MA on the daily chart - even the $BTC market doesn't show such trend strength. In the medium term, I expect $BNB to continue its growth. 😱 The 50MA serves as strong support. Any correction to this level should be seen as an opportunity to add to the position. The next target is $730.

👶 Pumps of $PEOPLE, $YGG, $CYBER - What They Have in Common They all share the same market maker - DWF Labs. The scenario often follows an identical pattern. ◼ The project signs a market-making agreement with DWF Labs and transfers large volumes to its address; ◼ The announcement of the collaboration triggers a pump; ◼ The funding becomes astronomical; ◼ After accumulating funding volumes, a final pump follows, often around 300-400% to maximize profits. The latest example is $PEOPLE, which soared by 160% just in the past week. 😒 While many investors chase fundamentals (and fundamentals are very important!), the market isn't that straightforward. Hype, pumps, and manipulations are what define the real crypto market. Some may dislike this, but I prefer to profit from it.