📈 ANALYSIS 22-08-25 📉

📌 #Bitcoin and the altcoins have exploded in a matter of minutes today from their support zone, making a large short squeeze that we have rarely seen in this market. According to our technical analysis from previous days, we were already positioned long in Bitcoin.

After quickly taking off from $112,000 to $117,400, the price of $BTC is now facing its first resistance above $118,000, where the point of control is located. In the 4-hour chart, price action and indicators are certainly remaining positive. In daily time frame, we still need to wait for confirmations.

On the other hand, the dominance of the main cryptocurrency has fallen to 58% due to the surge of altcoins, led by #Ethereum

🔰 Profits obtained today in BTC during this market surge✅