📊 Market Update
We are currently in a sideways range for Bitcoin dominance between support at 60% and resistance at 63%.
🔻 If the month closes today below 62.27%, this is considered positive for cryptocurrencies with the aim of speculating towards 60%, after which it's preferable to take profits and secure trades.
✅ The nearest expectation: Tomorrow will be positive for cryptocurrencies with the aim of speculation, not investment.
📉 After that, the month is expected to witness a correction depending on the market, and the correction for buying will only be phased, meaning rebuilding positions.
🔹 Reason: The support at 60% is very important, and any monthly close above it is considered positive for Bitcoin dominance, and thus relatively negative for cryptocurrencies.
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✅ The solution now for everyone:
Enter with the aim of speculation today and until tomorrow.
When dominance reaches 60%, take your profits.
We need a drop below 60% to witness a strong rise in cryptocurrencies.
Otherwise, it is likely that a correction or decline will start.
Or we wait for a return to strong resistance at 64% before making a decision.
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📌 Summary:
> The market is now only speculating between 60% - 62.27%.
This is not a real rise but a movement within the range.
We need to break 60% for a strong rise or wait to test resistance at 64%-66%.
🔚 Good luck to everyone, God willing 🤝🚀
Note: We will follow up with this update every day; this is not a fundamental condition, just probabilities.