Bitcoin Analysis and Market Situation Now

Bitcoin dominance is rising at 64.39%, and this has caused a bleed in altcoins. However, Bitcoin dominance might bounce from these levels — there’s a high probability of a rebound from here. But we have the 64.39% level; a breakout above this area will lead us to retest the 65% zone in Bitcoin dominance. However, the probability is very low for Bitcoin dominance to reach the 65.84% level again.

As for Bitcoin analysis: we are now at a support zone around $103,312. A rebound from this area is considered very positive and reflects clear upward momentum in Bitcoin and altcoins — this also means a drop in Bitcoin dominance. If Bitcoin fails here, we might revisit the $97,300 level as the final support.

Full Scalping Plan on Bitcoin

Entry from these levels with 50% of the position, and add more at $97,045.

Be cautious during market trading — avoid using high leverage.