🆕 Weekly #Bitcoin chart - and what we don’t see on the classic chart:

1️⃣ $USDT.D is sitting right at a critical level - the same zone from which dominance reversed last February and September of last year, as well as April of this year, triggering local #BTC rallies. Whales have been sitting in $USDT for far too long, and these levels are simply too attractive for them not to deploy capital back into the market. 💰

2️⃣ $BTC Longs are also approaching a critical level - the same point that acted as a reversal zone in February and September of last year, and again in April of this year. A reversal here means long positions start to unwind and take profit - and that requires a strong catalyst (for example, a new BTC rally). 📈

3️⃣ Stoch RSI has already formed a Bullish Crossover at the bottom and is ready to expand upward - exactly the same setup we saw in the two previous cycles I mentioned above.

4️⃣ If you zoom into the Daily Timeframe (right side), you can clearly see a strong Bullish Reversal with a Higher Low, and no one can deny that yesterday’s +$8k Daily move is a significant argument that this move is not a fake-out.

🔴 Given the extreme oversold conditions and a critical fear level, we now have every reason to hope for a potential breakout and an upward trend lasting several months.

If we don’t see an #altseason during this window, then #altcoins can be considered dead. ⚰️