#Update Market May 12, 2024 [DCCK]
$BTC Yesterday and today are weekends so the market is gloomy. From about 9pm to 3am, the market runs better. The trading volume is weak so there is not much liquidity. For futures guys, use volume = 1/2 as always and still feel free to trade altcoins.
$BTC - Resistance mark at 63k100
$ETH - Resistance mark 2950
Total3 - Support milestone 630B
BTC.D - Support mark 54.60%
USDT.D - Trending sideways 4.98%-5.08%
Conclude:
- $BTC Following yesterday's Saturday, today's Sunday also shows that the gloom of the market is clear from the volume, candlestick pattern or liquidation volume of the futures side is not high, the purpose is before important days like May 14 has PPI and May 15 has CPI, so prices will go sideways, liquidity will be weak and prices will be easy to adjust.
- $ETH Breaked out of 2950, so this mark is the current resistance on the H1 frame. The double top model is waiting for confirmation to see if it will continue to decline or not.
- BTC.D Dom is currently moving sideways, showing that in the medium and short term, 3-5 days will be more sideways. There is no clear signal from looking at dominance
- Total3 will currently move in line with the market, moving sideways to the downside resistance, altcoins continuously increasing and decreasing not much, but bleeding weak tokens is still there.
- USDT.D is forming a clearer uptrend. Temporarily going sideways is reasonable for usdt.dom or btc.dom at this time
Wishing you a happy weekend with your family and loved ones
Terminology explained for newbie (See Dan Play Call Keo channel)
1/ What is Total 3?
2/ What is USDT.D - BTC.D?
3/ Why choose to analyze USDT.D?
