Where are we?
It's a relief that BTC(Bitcoin) price is above 365d SMA(Simple Moving Average) line. But the market sentiment is not good. Many retail long-term investors are sick of this situation.
Let's check BTC Dominance. It's around 60%. It's really irritating me. I thought it would start collapsing again. But it hasn't happened.
I wish just a small altseason. But the market didn't grant my wish.
Around 10 days left until November. The monthly candlestick of Oct is still red. I wish it changes green within several days 🙏
El dato de BTC sobre la 365d SMA es lo único que sostiene la estructura, pero con dominancia clavada en 60% no hay rotación posible hacia alts. El mercado muestra que la acumulación sigue concentrada en BTC y el volumen no acompaña para un cambio de régimen. Octubre en rojo con 10 días por delante no me parece el escenario para pedir un altseason, sino para vigilar si el soporte de la SMA aguanta.