$BTC is trading in the range of 96,150-100,777, dominance 61.24% - still above 60%. Fear Index is 38, overall market sentiment is negative. After the recent haircut of both longs and shorts, this is not surprising.
So, what is happening now?
For me, we are seeing a classic fight between bulls and bears ahead of today's economic news from the US and the EU. So, I expect strong volatility. Overall, the market is more likely to be bearish today.
Since the market is now completely dependent on the news, any negativity can knock down the price of BTC, and altcoins are losing 10%-20%. It is impossible to predict what will happen.
If the price of $BTC falls below 96,000 (support), it will probably go to 94,000, liquidating longs. The only thing that confuses me is that there are not many long liquidations. I would not be surprised if the price rebounds from 96,000 with a target of 102,000 (resistance), where there are significantly more short liquidations.
The market is uncertain, follow the news. Do not forget about stops - you will need them today.
This is not a financial recommendation. You make all decisions at your own risk. Trade wisely and earn!