Market Update: BTC Dominance, and ETH Outlook 📊

Hey DeFi fam, wanted to share some key insights from today's market analysis:

Macro Economic Outlook 🏭📈

We're looking at increased credit impulse and manufacturing growth ahead, driven by Treasury Secretary Bessent and President Trump's policies. The ISM (manufacturing index) is still below 50, but once it breaks above that level, expect the next leg up for the S&P 🚀

Bitcoin & Crypto Market Structure ₿

This recent SPX dip? It was necessary. This isn't a top - it's a healthy correction that Bitcoin has already front-run. We're getting very close to a trough, though expect another week or two of chop or potential further downside 📉

ETH Price Action Alert ⚠️

Ben Cowen (one of the analysts I follow closely) has been calling for:

Bitcoin dominance to push back above 60% 📊
ETH to touch its 21-week moving average at $3,400 🎯
That's roughly 12-13% downside from current levels 👀

The 21-week MA moves much faster than the 50 or 200-week MAs, so if we see another 1-2 weeks of downside, this target becomes increasingly likely ⏰

The System > Emotions Approach 🧠💪

Real talk: I'm responsibly long ETH and yes, dealing with drawdowns over the past 2 weeks 📉 But here's the thing: having a system removes the emotion.

When you trade based on probability and systems thinking rather than feelings, drawdowns become just part of the process. No elite trader magic required - just disciplined systematic execution ⚙️

The key takeaway? Build a system that allows you to manage risk without letting emotions drive your decisions. Poor emotional decisions are what blow up accounts 💥

What's your take on the ETH 21-week MA touch? Are you positioned for more BTC dominance or betting on an alt rotation? 🤔

Drop your thoughts below 👇

3:15

0 comments