BTCUSDT — No New D1 BUY Signal Yet
Even as BTCUSDT pulls back, I’m confident we still have one more D1 peak ahead — likely pushing above the 123k zone — before it gradually tops out on the D1, then W, and eventually the M timeframe.
When that happens, BTC will start to decline, TOTAL will see outflows, and TOTAL2 and TOTAL3 will follow suit. In other words, BTC and TOTAL will hold their top range to give altcoins (which began their run in July) time to form their own W tops. Once that’s complete, the entire market will decline together — potentially bringing TOTAL down toward the $2.5T level.
That stage of the market will feel bleak and hopeless, but it will also be the moment to accumulate assets forming W bottoms.
For now, we wait for one more drop on H4 to long BTC. As for altcoins you already hold — XRP, ZEN, LTC, HBAR, XLM, ETH, LINK, and others — keep holding. It’s not yet the time to take profits.
