The Trust Layer for Market Analysts

The analysis focuses on Bitcoin dominance (BTC.D) using a weekly chart. It identifies a long sideways range within an upper trend line that is still holding. The analyst argues that a dropping Bitcoin dominance does not alone confirm an "altcoin season," suggesting that altcoin booms may be selective. The analyst notes that from an Elliot Wave perspective there may be an ABC structure, and infers that a low in Wave A might form around September, leading to a B wave bounce before a C leg down. The speaker watches a zone around 56.8% for reactions but points out that a reaction has not been confirmed yet. There are also micro support points around 57.3% and 56.1%, with a swing low in the area around 54.8%.