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Padmé Amidala
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$BTC
breaks all-time high again. It survived China Bitcoin Ban, COVID crash,
FTX
collapse, Luna fall, Tariffs war and every bear market thrown at it. And still keeps pushing higher. King stays king. Next target is 120K?
#BTCBreaksATH110K
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🚨 Bitcoin is at an All-Time High. So Why Aren’t Altcoins Pumping? Bitcoin is making new highs, but the altcoin market is still flat. Here are the main reasons behind it: 1. Bitcoin dominance is rising More money is flowing into Bitcoin compared to the rest of the market. When dominance increases, it usually means altcoins are being ignored. BTC is the first stop for most investors. 2. Oversupply of altcoins There are thousands of altcoins, many with overlapping use cases and little differentiation. Capital gets spread thin, making it harder for any single project to gain strong momentum. 3. Ethereum isn’t leading yet The ETH/BTC ratio is still weak. Historically, a strong Ethereum run often signals the start of a broader altcoin rally. Until ETH outperforms BTC, most altcoins tend to lag. 4. Altseason usually comes after Bitcoin cools down Altcoins often move after Bitcoin finishes its major run or enters a consolidation phase. Right now, the focus is still on Bitcoin. The rotation to alts usually follows with a delay.
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$BTC reversed from the 0.5 level. Fibonacci levels are very useful. You can identify strong pullback, support or resistance with these levels.
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110K coming soon. $BTC is moving up fast and might hit a new all-time high today. If you're in a long trade, use proper sl and stay safe. Might be volatile for a while.
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$ETH reversed from the 0.5 Fib level. Fibonacci levels work well in trending markets and can help spot strong support or resistance zones. To know more about Fib levels comment fib levels.
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$ETH selling looks slow right now. Might see an upside move soon. I have opened some long positions now and will look to add more if I get confirmation from price action.
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