🚨 Market Update - 👀
Bitcoin continues to move sideway within the same 4hr range that it has been in for the past 2 weeks. This morning we saw BTC sweep $116.4k (Monday Low) a couple of times and has given a good reaction. Now trying to get acceptance over $119k, we are looking to see what happens on a retest of $119.7k (Monday High.)
Bitcoin dominance has increased a little today, which is causing some pain on altcoins. It would not be unhealthy if it did recover a bit and BTC made another move. This would bring more pain in the very short term for altcoins, but long term nothing changes IMO. Ethereum has been leading the way over the past week, but watch for SOL because it is looking strong than ETH right now.
If you took a position on from the DOGE level I mentioned yesterday, this is up over 3% after a successful retest earlier today. Jerome Powell (Fed Chair) is speaking at 8:30am EST, so watch out for volatility around this time.