The red scenario has almost played out. Now I expect a correction, followed by a possible relocation. In the future, I think it’s worth forgetting about BTC investments until July or the first serious dump. The long-term buying zone for today is 28-32k. Today, our focus will be only on ETH and altcoins.
Currently, we are observing a shift of liquidity from BTC to ETH, which is a good indicator before a strong rise in altcoins. Therefore, selling part of the portfolio now would be foolish. I do not exclude another spill of ETH to around 2300, and if that happens, we will only strengthen our mid-term portfolio.
Triggers to cash out of altcoins: ▫️ ETH price 2900+ ▫️ Overheated funding across the market
All this movement may drag on until March 20, where I expect a reduction in the Federal Reserve interest rates, leading to a correction in all markets. Last week, the US inflation rate came out worse than expected, providing additional confidence that the rate will remain unchanged on January 31.
Interesting observation – Cathie Wood sold Coinbase shares. Considering that she similarly sold Tesla at highs, it can be understood that the high is almost reached, and there is little mid-term belief in further growth in the crypto market.
In conclusion – we sit in portfolios, waiting for strong movements in altcoins. We may consider fixing profits for each asset separately to capture more profit.