I have previously shared my perspective on BTC.D and proposed Pure BTC.D with the exclusion of stablecoins from the scope. Currently, I only monitor Pure BTC.D instead of following the basic BTC.D on TradingView, and I have just noticed an interesting signal regarding its trend change.
If we use the traditional BTC.D, we will encounter difficulties in drawing trendlines.
However, when using Pure BTC.D, we can easily identify trendlines and immediately use them for market analysis.
The Pure BTC.D chart shows BTC's dominance has decreased from 65% to 58%, then technically recovered to 64% to retest the trendline and is now continuing to decline to 60%. I truly believe that we will soon see capital flow into ALTs and trigger an altseason in 2025.
We will need a few more months to reconfirm this assumption, but I have already started taking action because I believe that altseason is necessary for the long-term existence and development of the entire crypto market. I am using BTC to DCA ETH with the expectation that ETH will rise more strongly in the future.
I have no intention of giving financial advice, so please do not copy my trading strategy. Please refer to my perspective and analyze it yourself to make the most informed decision for your account.