cryptoknowledge

💸 $BCH 4H Chart (TradingView link)

Entry from support level.

This setup is fairly simple: set an alert and wait for a reversal pattern. However, that’s not the main point I wanted to discuss.

Bitcoin dominance has surged parabolically to levels last seen in 2021, while Ethereum is facing persistent selling pressure. This not only hinders the L2 sector but also keeps the entire altcoin market from reaching even a modest recovery to the 0.618 Fibonacci level from the all-time high correction.

The hype might begin only after the elections, when we could see new inflows into ETH ETFs and potentially a bullish altcoin season. But for now, it’s too early to expect this.

In the medium term, some coins can be worth watching, but I’d wait until Monday—currently, trading should be limited to intraday moves.