🚨 INSIGHT: #Bitcoin dropped below $109K, but order book #data shows spot buyers stepping in, hinting at growing demand despite risks of further downside toward $107K. $BTC
$BTC Dominance is rebounding from the marked horizontal S/R level, with the Ichimoku Cloud acting as resistance above the current price action. The price is testing the lower boundary of the cloud, and a successful rejection here could signal a downward move. Keep an eye on upcoming price action. It’s important to note that $BTC Dominance often shares an inverse relationship with the #altcoin market cap. #crypto
#Bitcoin has arrived at the 0.786 Fib retracement. If this zone holds, a reversal could be underway. A break lower, however, shifts focus to $101,103K as the potential final base before a run at new ATHs. 🚀