Franklin_LFG
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Bullish
Bitcoin Dominance ($BTC.D) Update 🚨
Bitcoin Dominance is still making waves, and altcoins are feeling the pressure. The wedge pattern has broken upwards, which suggests a tighter market for altcoins in the short term. 🏔️
If $BTC.D closes the day at higher levels, altcoins may struggle to move much. However, if $BTC.D reverses and drops back down, altcoins could get some much-needed room to rally. 🔄💥
What’s Next for Bitcoin Dominance? 🔍
If $BTC.D stays elevated, expect limited movement for altcoins.
A reversal could open up fresh opportunities for altcoin growth.
Trade Ideas
Buy Zone: Watch for $BTC.D to dip below 49% for a potential reversal.
Target: A retest of the 47% level is ideal for altcoin strength.
Stop Loss: Set it around 50% to manage risk if BTC.D stays elevated.
As always, manage risk wisely and keep an eye on market shifts. 🔍📊
#DiversifyYourAssets #PowellRemarks #NextCryptoETFs? #CryptoTariffDrop #VoteToListOnBinance
Bitcoin Dominance is still making waves, and altcoins are feeling the pressure. The wedge pattern has broken upwards, which suggests a tighter market for altcoins in the short term. 🏔️
If $BTC.D closes the day at higher levels, altcoins may struggle to move much. However, if $BTC.D reverses and drops back down, altcoins could get some much-needed room to rally. 🔄💥
What’s Next for Bitcoin Dominance? 🔍
If $BTC.D stays elevated, expect limited movement for altcoins.
A reversal could open up fresh opportunities for altcoin growth.
Trade Ideas
Buy Zone: Watch for $BTC.D to dip below 49% for a potential reversal.
Target: A retest of the 47% level is ideal for altcoin strength.
Stop Loss: Set it around 50% to manage risk if BTC.D stays elevated.
As always, manage risk wisely and keep an eye on market shifts. 🔍📊
#DiversifyYourAssets #PowellRemarks #NextCryptoETFs? #CryptoTariffDrop #VoteToListOnBinance
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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