Source: TradingView

The bad news is.. BTC(Bitcoin) Dominance surpassed 365d SMA(Simple Moving Average) line last month.

Many retail long-term investors are suspicious that we didn't enter the bull market yet.

When I doubt, I always zoom out.

Source: TradingView

It seems that BTC Dominance is still being consolidated. It's really difficult to predict when Altseason 3.0 will happen.

For now, the macroeconomic environment isn't favorable for the crypto market.

Somehow, we might need to bleed more.. Honestly, I don't wanna see the situation.