#BTCUSDT #overview
In the past 24 hours, BTC has decreased, with a minimum set at 104616.
Market capitalization is 3.33 trillion, dominance index is 64.03%.
Fear and greed index - 60 (Greed).
The decline occurred against the backdrop of the escalation of U.S. trade policy. The federal court ruled the tariffs illegal; however, the appellate court temporarily suspended the enforcement of this decision.
Additional pressure was exerted by U.S. Treasury Secretary Yellen's statement: according to her, trade negotiations with China have “reached a deadlock.” This triggered an additional wave of sell-offs overnight — altcoins flowed like sh*t through the pipes. 😭
Yesterday, BTC showed positive dynamics and, as planned, consolidated above 108484. However, during the American session, there was a drop — the price fell below 106822, which I feared.
The nearest level for a potential reversal is 104184. If there is a reaction and a setup forms on lower time frames — I will consider a long position.
A problematic zone has formed above — 4H IMB in the range of 107681–107178. If the price decides to cover this imbalance before removing 104184 — it’s worth looking for a short.