Josh seems cautiously optimistic about the bullish potential in the crypto market, but he believes there are still some obstacles to overcome before we can get truly bullish. Here’s a summary of his views:

💲 📉 Josh thinks that for the crypto market to really take off, we need to see a continued devaluation of the US dollar and an increase in liquidity. He argues that the declining dollar in the past two cycles has benefited the crypto market, and we need the dollar to get weaker and emerging market currencies to get stronger for the bullish momentum to continue.

💧 However, Josh expresses concern about the lack of sufficient liquidity in the current market to support a significant rally, especially for altcoins. He notes that most altcoins are struggling to keep up with the market, and there simply isn’t enough money in the system to support thousands of altcoins. He believes altcoins need lower rates and quantitative easing (QE) from the Federal Reserve to regain momentum.

🐂 Josh is particularly bullish on Bitcoin (BTC) and a few select altcoins like Solana (SOL), Near Protocol (NEAR), Pepe, and Bonk. He argues that these coins have chart patterns and setups that look promising, while most other altcoins are just “junk garbage” with no clear bullish signals.

Overall, Josh seems to be cautiously optimistic about the potential for a bullish run in the crypto market, but he believes that liquidity and dollar devaluation are key factors that need to align for a sustained rally.