Friends have always been the locomotive of altcoins, #Ethereum.
When $ETH moves strongly, the altcoins follow suit, so our focus should primarily be on the ETH chart.
Currently, the descending channel structure is drawing attention; the $3200 range could be the breakout level for this structure. Although the recent process has indeed required patience and has become exhausting, a strong and aggressive upward movement period could begin with a breakout from this region. As the year comes to a close, the question is; if #ETH makes this move, at what prices will it meet us?
With closures above $3200, targets of $4,000 to $5,000 and above are very likely, as long as the channel breakout occurs.
The fact that the market has been challenging for all of us lately… Many people are at a loss, morale is low, and expectations are worn out. But remember: In the history of crypto, every major drop was a silent preparation for a larger rise.
The pressure you are experiencing today could be the very door to tomorrow's opportunities. Loss is not failure; it is simply a natural part of the journey. This market rewards not the strong, but the patient.
It has always been this way in the past. During every bottom period, hopelessness prevailed, everyone said "it's over"… But then the trend turned, and those who were patient changed the whole picture. Today we see the same energy again; quiet, slow, but something is building up.
We will reach the days when your losses close and your profits begin…
We have started a week with high volatility as we enter the #FED week.. On Wednesday, there is a #FED decision. The expectation is for a 25 bp cut, but Powell had said in the last meeting that they were not considering lowering rates for December. I hope they don't surprise us, but whether it goes down or not, they find an excuse to hit the market.
#BB The BTC pair is very close to a breakout, and the momentum coming with the BB/USDT 0.10$ breakout will likely create a breakout in the BB/BTC pair as well. From there, it is very likely that we will reach the second target band of 0.25$ 😉😉
#BB We will cover all losses, are we in this together?
#BB has broken the upper Bollinger band that it couldn't break for weeks!
Now we will go above $0.10 until the weekly close and open the door to $0.15 - $0.20!
For days, I have been talking about #BB for this reason, serious accumulation is happening. I don't know if there is insider information, but it would be great if a listing from #OKX or #Coinbase comes!
When we look at the BTC.D chart, my long-term bullish expectation focused on altcoins is still strong. Even if there is a drop in the short term or a final dip in December, the overall outlook is positive. The current BTC.D level is around 59%, and this area is critical. Because if there is a breakout below the 57% support, the wind will not turn against altcoins, but rather in our favor. In other words, when dominance starts to fall, capital will gradually flow back into the alt markets. Making partial purchases at these levels is reasonable because both risk is limited and potential is high. In the long term, the picture is still favorable for the lows, friends; we just need to maintain our positions and be patient during these days.
The downtrend breakout has occurred in the #ETH/#BTC pair, and a retest of the trend it broke may come before the #FED.
So what does this breakout mean?
Firstly, this situation is a strengthening signal for #Ethereum. When #ETH starts to gain value compared to #Bitcoin, it generally means that the market's risk appetite has returned. - Secondly, the strengthening of #ETH triggers the beginning of the altcoin season because investors first transition from BTC to ETH, and then to riskier assets, hoping for higher returns.
In summary, this breakout in the ETH/BTC pair is not just a line; it is a harbinger of a market direction change, but the market has become such that when a bird poops somewhere, it affects the cryptos.🤦♂️
I wish you a blessed and prosperous Friday filled with long green candles where your prayers are accepted, your losses are covered, and the coins you receive pump.🤲
BB is progressing quietly but the picture is very clear: Currently, BB is establishing the strongest infrastructure at the intersection of RWA + BTC restaking.
The entry of real yield assets like BENJI and BUIDL into the ecosystem as collateral is transforming BB from an ordinary L1 into the natural address of institutional liquidity.
Every cycle has its own story... The story of this cycle will be "the dominance of RWA over the chain." And at the center of that story, one name is already standing out: #BB The rest is just waiting for time.