Coinbase has launched cbBTC, an ERC20 token backed 1:1 by Bitcoin, enabling BTC holders to use DeFi platforms on Ethereum and Base. This could lead to more liquidity flowing into altcoins as BTC is utilized in DeFi, supporting the idea of an upcoming altseason. As BTC moves into these decentralized ecosystems, the demand for altcoins should rise.
Also, next week is going to be interesting, with events that could impact the market:
- Trump's World Liberty Financial Announcement (X Spaces) - September 16
- FOMC and Federal Reserve Interest Rate Decision - USA, September 18
- TOKEN2049 event - Singapore, September 18-19
- Solana Breakpoint 2024 event - Singapore, September 19-21
The timing is perfect. As mentioned before, ALTS/BTC seem to be bottoming, and BTC is forming a new bullish trend on lower timeframes that could take it higher.
I wish you all a blessed weekend!
Also, next week is going to be interesting, with events that could impact the market:
- Trump's World Liberty Financial Announcement (X Spaces) - September 16
- FOMC and Federal Reserve Interest Rate Decision - USA, September 18
- TOKEN2049 event - Singapore, September 18-19
- Solana Breakpoint 2024 event - Singapore, September 19-21
The timing is perfect. As mentioned before, ALTS/BTC seem to be bottoming, and BTC is forming a new bullish trend on lower timeframes that could take it higher.
I wish you all a blessed weekend!
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CryptoCapo TG
BTC looks ready for $60ks.
BTC is finally trading back above $60k 🔼
Now the focus should be on altcoins.
Now the focus should be on altcoins.
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CryptoCapo TG
$ETH / BTC Interesting htf level.
$ETH / $BTC
I see a lot of FUD for this pair. However, let's not forget it's at a major htf support and the downtrend appears to be overextended.
Based on this, I'm expecting a bounce soon.
I see a lot of FUD for this pair. However, let's not forget it's at a major htf support and the downtrend appears to be overextended.
Based on this, I'm expecting a bounce soon.
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Nice pump! 🔼
This is why it's very important to ignore short-term corrections and stay focused on the bigger picture.
This is why it's very important to ignore short-term corrections and stay focused on the bigger picture.
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Current market situation
$BTC has reclaimed the $60k level, which is an important pivot point. Liquidity zone above the last ATH seems more likely now.
On the other hand, the Bitcoin dominance (BTC.D) is at a major htf resistance level, and the uptrend is losing strength. This idea is supported by the bottom formation on the altcoins dominance chart (OTHERS.D). This is why despite using BTC as a reference for market direction, the focus and money should be on altcoins.
In my opinion we are about to enter an important impulsive bullish wave, where altcoins should outperform. The plan is clear.
$BTC has reclaimed the $60k level, which is an important pivot point. Liquidity zone above the last ATH seems more likely now.
On the other hand, the Bitcoin dominance (BTC.D) is at a major htf resistance level, and the uptrend is losing strength. This idea is supported by the bottom formation on the altcoins dominance chart (OTHERS.D). This is why despite using BTC as a reference for market direction, the focus and money should be on altcoins.
In my opinion we are about to enter an important impulsive bullish wave, where altcoins should outperform. The plan is clear.
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CryptoCapo TG
Coinbase has launched cbBTC, an ERC20 token backed 1:1 by Bitcoin, enabling BTC holders to use DeFi platforms on Ethereum and Base. This could lead to more liquidity flowing into altcoins as BTC is utilized in DeFi, supporting the idea of an upcoming altseason.…
FOMC and Federal Reserve Interest Rate Decision, today at 7pm (GMT+1) ⏰
The market reaction pre and post is going to be more important than the data. There's probably going to be volatility, so avoid leverage.
Let's see!
The market reaction pre and post is going to be more important than the data. There's probably going to be volatility, so avoid leverage.
Let's see!
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CryptoCapo TG
FOMC and Federal Reserve Interest Rate Decision, today at 7pm (GMT+1) ⏰ The market reaction pre and post is going to be more important than the data. There's probably going to be volatility, so avoid leverage. Let's see!
Fed Cuts Interest Rates by 50 Basis Points
Good market reaction so far🔼
Good market reaction so far
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It looks like the previous pump was the test pump, and this dump below $60k is a bear trap.
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CryptoCapo TG
FET/ASI Still bullish on htf.
$FET ($ASI) update
Downtrend broken and 80% up from support.
Downtrend broken and 80% up from support.
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More and more altcoins are starting to outperform, breaking their downtrends and giving bullish confirmations. It's great to see the analysis playing out. I hope you're finding the content helpful—if you do, feel free to show some support. It goes a long way in letting me know it's making a difference.
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CryptoCapo TG
#ALTCOINS htf overview Altcoins have been on a downtrend since March 2024. The key question is whether this is a correction before a bullish continuation, or the beginning of a new bearish trend. We can see how the altcoins market cap index is forming lower…
Many altcoins, especially low caps, are giving very good returns these days. And in my opinion, the altseason hasn't even started yet.
The altcoins market cap index (OTHERS) is giving its first bullish confirmation, which is a very good sign and could indicate the beginning of acceleration. If/when it gives the second bullish confirmation (above the dark zone), that's when the fireworks could start.
I missed several opportunities in 2023, but as I often said, there will always be more. It’s all about patience, timing and choosing wisely, and now feels like one of those great moments.
The altcoins market cap index (OTHERS) is giving its first bullish confirmation, which is a very good sign and could indicate the beginning of acceleration. If/when it gives the second bullish confirmation (above the dark zone), that's when the fireworks could start.
I missed several opportunities in 2023, but as I often said, there will always be more. It’s all about patience, timing and choosing wisely, and now feels like one of those great moments.
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CryptoCapo TG
Very strong demand here for ETH, and ETH/BTC is at major support while sentiment is bearish. Perfect moment for a bounce.
Nice $ETH bounce and more demand being added. This is a good sign.
Remember that the main bullish confirmation is a reclaim of $2,800.
Remember that the main bullish confirmation is a reclaim of $2,800.
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