BTC Update
#BTC
Bitcoin is currently holding above a key trendline support. However, from a technical standpoint, I anticipate BTC could dip to around $77K. If it drops further, we might see a brief move toward $70K, but I expect this to be a quick wick before a strong rebound.
There’s a lot of fear in the market right now, but with proper risk and money management, patience is key. There’s substantial liquidity waiting on the sidelines, meaning BTC could see a short-term dip before recovering and rallying later this week.
Also, have you noticed that while BTC is declining, BTC dominance (BTC.D) is climbing? I’ve been keeping an eye on this trend and will share more insights soon on why this is happening. Stay tuned!
