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, and the BTCDOM index, because these are the only two tokens still in the green while the entire crypto market is plunging red. As of now, BTC is sharply reversing with a 3.84% drop (at $72.73K), ETH also fell 4.41% to $2.13K, while SOL and ZEC plummeted even more with -7.38% and -7.19%, respectively.
The long position I am holding includes: BTC at $72.73K, ETH at $2.13K, SOL at $90.52, SUI at $1.07, and ZEC at $253.38. Today's strategy is re-entry on SOL to prepare for the next upward surge.
Interestingly, capital from ETF funds continues to shift strongly, because tonight's US session will witness a massive liquidation wave of gold shorts. Hundreds of billions of USD in gold short positions are about to be "killed" (liquidated), which will create a domino effect — when gold is sold off, capital will flow into crypto.
Forecast: When the US trading session begins, BTCDOM will show signs of releasing, allowing altcoins to rise. Zodiac signs that are usually disliked, like XRP, will outperform Bitcoin, thanks to the capital shift from the gold market to the crypto market.