The $BTC DOM chart is breaking down quite nicely!
But this time, if expectations are too high, it can be a bit scary, so for now, let's hope DOM breaks the MA11 support on the weekly chart and drops back to the 58-59% range in the near future.
After that, we'll wait to see what the reaction is and then decide!
But generally speaking, funds and the ultra-rich are very afraid of Trump now, the trend of withdrawing money from illiquid high-risk investments into high-liquidity assets is still ongoing,... so expecting DOM to be at 58-59% seems to be the most reasonable.
To break DOM deeper, we need a money printing effect like garbage from the FED for some funds and the ultra-rich to flow back into high-risk assets.
