I have two scenarios for BTC for you:
The range of $BTC is narrowing, RSI shows a bullish divergence - a possible reversal point. If BTC breaks through the trend resistance, we can see growth to $97,000 - $98,500. With the growth of volumes after a long accumulation, an impulse to $100,000 - $102,500 is possible to liquidate shorts. When? Watch the volumes and dominance - perhaps tomorrow.
The second option: $BTC is now testing the support of $95,100 - $95,000. In case of a breakthrough - a fall to $93,700 and a large liquidation of longs. If the correction deepens, the price will go to the $91,200 – $90,000 zone.
BTC dominance is 61.19%, I expect a decline. Now the focus is on the $ETH ETF - a large influx of funds, which can pull some altcoins up.
It is important to understand: future news is already being priced in right now. That is, positive decisions on ETFs for altcoins, approval of the BTC reserve in some states, plus the admission of banks and hedge funds to accumulate cryptocurrency are possible good news. Accordingly, the price of LTC, SOL, XRP and others is already being prepared. There will be bad news too - cancellation of the rate cut, inflation and other factors.
Not financial advice.Trade smart and earn!
