#BTCUSDT #review
In the past 24 hours, the price bounced off the 1D IMB zone but was unable to update the local maximum at the level of 105816.
Market capitalization is 3.36 trillion, dominance index is 62.26%.
Fear and Greed index - 73 (Greed).
Yesterday in TSCR, we took local long positions on BTC — as anticipated in the review.
After confirmation on lower time frames, the entry was made upon the overlap of the frequent 1D IMB.
At the moment, the price has failed to establish itself above the key swing high at the level of 105816, which does not confirm the market's readiness for continued growth.
The situation resembles uncertainty.
I do not rule out the formation of a sideways range between 105816 – 100716.
For now — I am observing the price behavior.
Indexes in the US closed mixed yesterday.
At the close of the New York Stock Exchange, the Dow Jones fell by 0.64%, the SP500 index rose by 0.72%, and the NASDAQ index increased by 1.61%.
CPI came out better than expected yesterday, giving the markets short-term positivity.