$BONK - 1DAY After a strong bounce from the support zone, | CryptoRick on Binance Square

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$BONK  - 1DAY
After a strong bounce from the support zone, the falling trendline broke
Now the target is the TP1 area
If volume and momentum stay strong, TP2 becomes more likely in the mid term...
This process needs patience...

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BONK

0.00001687

-0.17%

340

0

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$BTC | 1DAY I can clearly see a Bullish Butterfly pattern on the chart with the target zone around $101,300 ! the structure still looks positive and there’s a strong chance of a gradual move toward that level.. in the short term a pullback to around $92,500 may occur but this area could act as support Once the pattern completes.. a final move toward the target zone can be expected!🙌

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Although $BTC has broken above the rising channel on the 4H chart but I’m still doubtful about the sustainability of this breakout! After the move, price has returned back to the upper boundary of the channel which raises the risk of a potential “ fake breakout “ Especially with no significant increase in volume and the presence of wicks around the resistance zone it could signal weakening buyer momentum. That’s why it’s safer to wait for clear confirmation (like a 4H close holding above the channel) before entering new positions..

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$AXL, $ONG, $LINK, $POL, $BONK 👀

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BTC Dominance ($BTC.D) shows how much of the total crypto market value is in Bitcoin and right now it’s at 64.54% and sitting right on a long term rising trendline! this level is very important because a breakdown could signal the start of an altcoin season! 🙌 when dominance drops it usually means money is flowing into altcoins… this can happen even if #Bitcoin doesn’t fall.. $BTC might stay flat while altcoins start gaining strength but if Bitcoin crashes hard it could drag the whole market down, including dominance..! In short if BTC.D breaks down it could bring big opportunities for altcoins but don’t rush in before the move is confirmed. It’s smart to wait and watch closely 👀👀

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Crypto market is full of opportunities and profits but only for those who are smart, patient and strategic! when the market is red most people panic but for us degens, it’s another chance… real gains come to those who stay calm while others are scared REMEMBER this isn’t just a time to buy it’s also the perfect time to invest in yourself! Learn technical analysis, research projects and improve your market realini skills!!! 💪 If you want to win during green days, you’ve got to put in the work during the red ones! 🫡

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