Good morning crypto friends ☕️ 📊 This chart shows altcoin dominance relative to gold on the monthly timeframe. The picture mirrors yesterday's: the price has returned to that same historical support level (the orange zone) from which the market previously bounced. Meanwhile, the indicator at the bottom is in oversold territory—the same area where it reversed in past cycles. 📌 The main takeaway remains the same as yesterday. In my view, the current setup looks much more like 2016 than 2018, 2020, or 2022. And now, this is being confirmed against two key assets simultaneously: the S&P 500 and gold. When the same signal repeats across different benchmarks, it carries more weight. 🔥Overnight Highlights🔥 🇺🇸 The US Senate may introduce an updated version of the CLARITY Act as early as next week. According to media reports, senators are drafting a revised version of the bill to resolve key disagreements between Republicans and Democrats. The new draft is expected to include changes regarding consumer protection, DeFi, and ethical standards to boost the chances of passing the legislation before Congress's August recess. 🥇Bernstein, an investment firm managing nearly $900 billion in assets, has raised its gold price forecast. Analysts now project a price of $4,533 per ounce in 2026, with a level of around $4,375 expected in the second half of next year. ❗️Key reasons: ➡️high demand from central banks; ➡️expectations that the Federal Reserve will not return to aggressive interest rate hikes.