Ualifi Araújo
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Bullish
GOOD MORNING!!!
That old and good morning update on #BTC e and #altcoin hahaha....
Bitcoin is still trying to stay above $76K as the US and CHINA escalate the Trade War. There’s a new comment from both sides all the time. However, BTC still looks good here (when compared to other markets).
Altcoins have a bit more strength because BTC Dominance has started to face resistance very close to the highest point of this cycle (64.34%). It’s surprising what Dominance is doing here.
Since December 1, 2024, we haven't seen any pullback in BTC Dominance, which clearly decimates Altcoins for months; let’s see if this stops here and we finally start to pull back in Dominance.
We are still seeing ETH/BTC, which should be leading, still very weak and without any positive reaction. It’s surprising the failure that ETH shows; of course, it still has to move up (it HAS to move to boost Altcoins), but even so, it is a failure and too slow.
Starting today, we will begin to have new Economic data, so things should heat up soon.
We remain strong and alert! 🤝🏻✊🏻🚀
That old and good morning update on #BTC e and #altcoin hahaha....
Bitcoin is still trying to stay above $76K as the US and CHINA escalate the Trade War. There’s a new comment from both sides all the time. However, BTC still looks good here (when compared to other markets).
Altcoins have a bit more strength because BTC Dominance has started to face resistance very close to the highest point of this cycle (64.34%). It’s surprising what Dominance is doing here.
Since December 1, 2024, we haven't seen any pullback in BTC Dominance, which clearly decimates Altcoins for months; let’s see if this stops here and we finally start to pull back in Dominance.
We are still seeing ETH/BTC, which should be leading, still very weak and without any positive reaction. It’s surprising the failure that ETH shows; of course, it still has to move up (it HAS to move to boost Altcoins), but even so, it is a failure and too slow.
Starting today, we will begin to have new Economic data, so things should heat up soon.
We remain strong and alert! 🤝🏻✊🏻🚀
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