thaitraderoficial
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Update Analysis #BTC 19:00
BTC pulled back, fulfilling the expected movement, and returned for a correction to the downside. It is now respecting the 85 region, an important support on the daily chart, aligned with the 200-period moving average.
Selling pressure remains strong. There was an increase in the liquidation of purchases, totaling $249 million in the last few hours. AGAIN, the BIG PLAYERS are in action. PATIENCE.
—— LET'S GO:
1. IF THERE IS a breakout of 85, BTC may seek 81 and test 78 again.
2. WHAT ARE WE WAITING FOR? We are waiting for BTC to complete the liquidation movement. After the closure, we should have a reversal of the trend, and BTC should continue with market dominance for ALTSEASON to occur with amplitude.
3. It still HAS NOT found a bottom.
4. THE CLOSURE rose to 88 - 78. When it closes the trend, it will probably make that pull you already know, but downwards. This is normal, thus forcing the meeting of a bottom.
TO NEWCOMERS 👇🏽
5. For now, ALL consolidated altcoins are following the same movements as BTC... They are respecting BTC's dominance for ALTSEASON to occur.
6. WHAT IS ALTSEASON? Altseason or 'altcoin season' is the period when altcoins appreciate significantly more than BTC. For this to happen, a strong movement in the market is necessary, where BTC rises with dominance and lateralizes.
$BTC
#BTCBelow90K #USTariffs #WhiteHouseCryptoSummit #BinanceAlphaAlert
BTC pulled back, fulfilling the expected movement, and returned for a correction to the downside. It is now respecting the 85 region, an important support on the daily chart, aligned with the 200-period moving average.
Selling pressure remains strong. There was an increase in the liquidation of purchases, totaling $249 million in the last few hours. AGAIN, the BIG PLAYERS are in action. PATIENCE.
—— LET'S GO:
1. IF THERE IS a breakout of 85, BTC may seek 81 and test 78 again.
2. WHAT ARE WE WAITING FOR? We are waiting for BTC to complete the liquidation movement. After the closure, we should have a reversal of the trend, and BTC should continue with market dominance for ALTSEASON to occur with amplitude.
3. It still HAS NOT found a bottom.
4. THE CLOSURE rose to 88 - 78. When it closes the trend, it will probably make that pull you already know, but downwards. This is normal, thus forcing the meeting of a bottom.
TO NEWCOMERS 👇🏽
5. For now, ALL consolidated altcoins are following the same movements as BTC... They are respecting BTC's dominance for ALTSEASON to occur.
6. WHAT IS ALTSEASON? Altseason or 'altcoin season' is the period when altcoins appreciate significantly more than BTC. For this to happen, a strong movement in the market is necessary, where BTC rises with dominance and lateralizes.
$BTC
#BTCBelow90K #USTariffs #WhiteHouseCryptoSummit #BinanceAlphaAlert
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