[BTC.D Analysis | 4H & 1D]
Altcoin Holders need to be extremely alert!
1. 4H Frame:
• BTC.D is moving sideways within narrowing Bollinger Bands, indicating accumulation in preparation for a strong breakout.
• Ichimoku shows that the cloud ahead is quite thin, easy to break through.
• Stoch RSI is beginning to converge in the middle range — a sign of a compression phase.
• MACD is still below the Signal Line but the divergence is gradually decreasing, indicating that a reversal may not be far off.
2. 1D Frame:
• BTC.D is still in a clear uptrend, with prices clinging to the upper band of the BB, proving that capital is still flowing into Bitcoin rather than Altcoins.
• MACD continues to expand, with no signs of divergence yet.
• Although Stoch RSI has decreased, it has not entered the oversold zone, suggesting that there is still room for adjustment.
• The Ichimoku cloud ahead is extremely thick, indicating that the uptrend is still strong.
Conclusion:
• BTC Dominance is maintaining its strength, meaning that Altcoins have little chance of a strong rebound.
• Anyone holding Altcoins should consider taking profits if they are in profit, to avoid being “bled dry”.
• Opportunities for Altseason will only arise when BTC.D shows a clear reversal — currently, there are no certain signals.