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Hello and happy Wednesday!
As we move deeper into the final stretch of the year, markets are being shaped by a new set of macro crosscurrents. The U.S. dollar is on pace for its worst annual decline since 2017, global equities are pushing to fresh all-time highs, and currency volatility out of Japan is raising questions about carry trade stability.
In crypto, Bitcoin remains stuck between key technical levels, altcoins continue to struggle structurally, and positioning across risk assets remains cautious. With volatility simmering beneath the surface, this week is less about euphoria and more about understanding where real support, risk, and opportunity lie heading into year-end.
Here’s what we’ll cover today:
📅 Macro Review: The dollar slides toward its weakest annual performance in years; the yen rebounds amid intervention concerns; global equities grind to new highs; and institutional positioning remains surprisingly light, leaving room for sharp reallocations.
📊 Crypto Market Overview: Bitcoin fails to hold 88,800 and drifts lower into range; TOTAL3 and OTHERS continue weakening after failed reclaim attempts, keeping broad altcoin exposure under pressure.
🔍 Bitcoin vs. Altcoins: BTC dominance remains rangebound near cycle highs; OTHERS dominance trends lower, reinforcing the lack of sustained capital rotation into altcoins.
📈 Key Reversal Signals: OTHERS/BTC continues its downtrend toward major support; ETH/BTC remains locked in a multi-month range, slowing momentum but approaching a potential inflection zone.
🚀 Chart of the Week: ??? stands out as one of the few assets maintaining a bullish higher-timeframe structure, now pressing into a critical resistance zone with asymmetric long and short opportunities.
Let’s dive in 👇
