👉 From March 2023, Bitcoin Dominance trade in a parallel channel.
👉 Once in Dec 2024 dominance trying to break down the channel but again enter in the channel.
👉 Now you clearly see that Bitcoin dominance successfully breakout the parallel channel.
👉 Bitcoin price gaining momentum but Alts still looks weak as compared to the btc. So btc dominance is only the reason behind this no Altseason and today btc dominance makes an ATH of this cycle.
👉 Now the stoppage of this dominance is around 70-72% because this is a top of btc dominance in last cycle.
👉 There’s no altseason until Bitcoin dominance goes down.
👉 From March 2023, Bitcoin Dominance trade in a parallel channel.
👉 Once in Dec 2024 dominance trying to break down the channel but again enter in the channel.
👉 Now you clearly see that Bitcoin dominance successfully breakout the parallel channel.
👉 Bitcoin price gaining momentum but Alts still looks weak as compared to the btc. So btc dominance is only the reason behind this no Altseason and today btc dominance makes an ATH of this cycle.
👉 Now the stoppage of this dominance is around 70-72% because this is a top of btc dominance in last cycle.
👉 There’s no altseason until Bitcoin dominance goes down.
The SSE was the first modern stock exchange to open in China, with trading commencing in 1990. It has now grown to become the largest stock exchange in Asia and the third-largest in the world by market capitalization, which stood at RMB 50.6 trillion (US$7.8 trillion) as of September 2021. Stocks (both A-shares and B-shares), bonds, funds, and derivatives are traded on the exchange. The SEE has two trading boards, the Main Board and the Science and Technology Innovation Board, the latter more commonly known as the STAR Market. The Main Board mainly hosts large, well-established Chinese companies and lists both A-shares and B-shares.
However, analysts are positive on the stock now. “We have seen a huge downside movement in the stock due to the central electricity regulatory commission’s (CERC) order that seems to be negative from 2014-15 onwards but we cannot take a linear negative view on the stock and further downside movement on the stock is unlikely. Currently stock is underpriced. Investors can bet on it for a longer horizon," said Vivek Gupta, director research at CapitalVia Global Research.
