Good time, traders 👋
Brief overview of the crypto market:
Market capitalization - $3.73T (+0.53%)
Bitcoin dominance - 63.80% 📉 (-0.1%)
Altseason Index - 34 📈
Fear and Greed Index - 68 📉
Bitcoin managed to hold support at $116300 and has bounced back to around 118k, from where it is trying to continue the upward movement to 120k per coin. On the 4H chart, there is a possibility of forming a "head and shoulders" pattern if we can't break above 118k and remain stagnant. Be mindful of potential risks.
In a negative scenario, we may test support at $113300 and 112k.
BTC dominance is falling and is currently at support of 63.7%.
As soon as dominance settles below 61%, we can confidently declare Altseason 3.0. We believe, we wait ✊️
BTC $117870 (+0.77%)
ETH $3138 (+5.41%)
BNB $688 (+1.06%)
SOL $162 (+1.57%)
$XRP $2.92 (+1.73%)