Total2

We are expecting some sell off on weekend here are 4 main reasons:
#USDTdominance is at key support a little bounce upto 4.51% - 4.63% can bring 10-15% correction in #altcoins

#Total2 excluding $BTC and $ are also approaching resistance that is also showing a retracement in alt coins

Total3 excluding #BTC $ETH & $ is also at key resistance a little bit correction is expected.

#BTCdominance is also at 4H support suggesting a pull back in #ALTS .

If we combine all of them we can say on weekend due to low volume late longs can be wiped out.
If we see a pull back we can add some solid alts like $SOL ETH XRP SUI and some other solid projects.

Do not forget to like repost and share if it helps you.

Between February 1-3, 2025, the largest liquidation event in crypto history occurred in terms of quantity, if not proportionally.

I know, many of our friends only follow the price of their own coins/tokens, but it is difficult to make predictions about our own assets without understanding the general outlook and direction of the market and liquidity.

Now let's look at the general outlook. 👀

👉 #TOTAL

There is no problem on the weekly view. The previous peak has been retested and the rising trend is maintained. Although the $2.29T level is the first support below the trend, of course we do not want the market, which has been in sidelines for a long time, to make deeper corrections and become even more annoying.

On the daily chart, we are watching the accumulation movement in the range between the upper red box and the lower green box. In the last decline, the liquidation of the range bottom was swept, including the liquidation block that I showed with the blue semicircle, and it entered the range by bouncing back above the green box. The lower limit of the green box also corresponds to almost 50% of the wick of the daily decline candle, and is important in this respect.

Normally, if we do not see an immediate recovery with a big V bounce after such deep declines, first the middle of the wick, then the lowest end of the wick can be targeted again. It is important to follow the course here. Staying above the green box first targets the green box in the middle, then the red box above, but if we are going to see another liquidation event beforehand, it is important to follow the levels I marked on the wick and not to see a daily candle closing below $2.80T.

The biggest issue that bothered me in this decline was that $BTC remained limited to the decline side along with the market in general and didn't wicked the lower part that I have been referring to as a garbage liquidation block for weeks. Therefore, the decline remained largely an operation on the $ETH and #altcoins side.

Also, if $BTC cannot break this large accumulation area that I have put in this gray box and make a new ATH, altcoins that are already suffering enough would get even worse in a movement that can be seen towards this liquidation block below. Because there is a serious percentage decrease margin here and this area does not offer good price action and cannot be considered as a serious support, and if the support here does not work, there is a deep cliff to the previous peak level. Anyway, I do not want to talk about these for now.

I hope this scenario does not happen and the liquidations at lower levels are left for another spring or the next bear season. Because we are at important levels for the #altseason we desire. For this, do not forget to take a look at the #TOTAL2 , ETHBTC and other analyses that I will publish later.