The dominance of #__PROT1__ is in a downtrend, as it is currently below the 21-week moving average and the 50-week moving average. Of course, it is not yet clearly in a downtrend, but several arguments could make that happen. ➡️ - The Clarity Act triggers a flow of liquidity back into the markets. ➡️ - The AI bubble dissipating --> risk liquidity looking for new traders, and I think that will happen within the crypto market. ➡️ - Clearly below these moving averages, indicating that there is a downtrend until proven otherwise. ➡️ - $ETH vs. $BTC breaking upward, with all infrastructure bets showing strength (Solana and Ethereum). I assume we will see a breakdown here and, therefore, a rise in $ETH vs. $BTC. Altcoin markets are looking great.
The #Bitcoin dominance is trending down, as it's currently beneath the 21-Week MA and the 50-Week MA. Sure, it's still not clearly trending down, but multiple arguments could make it happen. ➡️ - Clarity Act triggers a flow of liquidity coming back into the markets. ➡️ - AI Bubble passing on --> risk liquidity looking for new traders and I think that this will be happening within crypto. ➡️ - Clearly trending beneath those MA's indicating that there's a downtrend until proven otherwise. ➡️ - $ETH vs. $BTC breaking upwards, through which all of the infrastructure plays are showing strength (Solana and Ethereum). I do assume that we'll see a breakdown here, and therefore a break upwards on $ETH vs. $BTC. Altcoin markets are looking great.
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