$BTC demonstrates a narrowing price range and bounces off the support at $96,000 for the third time. Support is being held with all strength, but such compression indicates consolidation before a move.
If the price holds above $96,000, a bounce to $99,000 is possible with the aim of breaking resistance.
If it breaks $96,000 and the level becomes a mirror, meaning support becomes resistance, then the next target is $94,000 and lower.
Dominance of $BTC is 61.8% and is attempting to rise above.
I don’t know about you, but I’m afraid to look at my altcoin deposit too often. All that remains is to wait for the bottom and average down in time.
I will be waiting for a breakout in either direction; until then, I’m just observing.
As always, this is not financial advice. Trade wisely and earn. And don’t forget to like;)