Let's quickly dive into the updates of the crypto market!📉📉 😬
Take a look at the visualizations below: one shows the Bitcoin price chart, while the other shows the Bitcoin dominance chart.
Let's start with the Bitcoin chart, which has been analyzed using the Mars protocol, making technical analysis super simple. You can also place your Perp trades, swap tokens, and much more, all in one convenient interface. The trading volume of Perp on the platform continues to grow daily, which is a good sign of activity.
Now back to the chart — $BTC is currently in an upward trend on the daily timeframe, and if no negative news hits the market, we might move towards a new all-time high!
But here's the twist — Bitcoin dominance is falling and may soon break the trend line. If this happens, it could open the doors for an Altcoin season, meaning that altcoins may start to rise even if Bitcoin remains strong.
So yes, it looks like we are in for an exciting and possibly bullish week! 🚀
Just a friendly reminder: this is not financial advice. The crypto market can be unpredictable,