#Update Market May 9, 2024 [DCCK]

$BTC Continuing with the series of slight declines, $BTC 's Funding has not gone negative yet, there are still many people who are long, the market is running smoothly and altcoins are tending to increase 20-25% fast and strong, most of them are to kill Shorts and these days we also see funding of altcoins. tending to return to balance. $ENA and $WLD are being moderately shorted by 20-30%

$BTC - Resistance mark at 63k100

$ETH - Resistance mark 3025

Total3 - Resistance mark 650B

BTC.D - Resistance mark 54.86%

USDT.D - Trending up to 5.08%

Conclude:

- $BTC Usually, BTC goes down gently like this to prepare for an upcoming strong event. Before a big wave there is often silence. Temporarily, if the market keeps above 60k, there is still a lot of hope. This section is in the middle and quite quiet, not a disputed area at all, so the view will temporarily go down.

- $ETH Clearly H1 continues to create a new bottom, its recovery wave comes from ETH/BTC on the h1 frame, ETH's internals are clearly weak because there is no use case to push it up at the present time.

- BTC.D Dom is quite confusing, the price is falling, transactions are trickling, it seems that BTC's shelter cash flow is being shaken when there is a large amount of house money trying to push altcoins at a fast pace. Strong speed thanks to using BTC to buy altcoins

- Total3 is growing again quite well. Altcoins can continue to be pumped with more money to keep the market going, because most of the altcoins previously fell sharply for many days, causing blood to leak. So fast and strong recoveries help the market stabilize psychology

- USDT.D Is turning up and continues to look for 5.08%, will temporarily go down to create a parabolic model a little more, need to observe BTC.dom and USDT.dom.