$BTC the price has been kept in the range for a long time. What interesting things did we notice? During the flat, Bitcoin was sold on the market and altcoins were bought for it. It is clearly visible that liquidity flowed from Bitcoin to alts (photo attached) #altcoins
After this situation, I expect that the situation on the market will change again, and it is very likely that we will see “selective growth of altcoins” that do not greatly affect the “small caps” on Bitcoin’s dominance. After which altcoins will completely give up their liquidity for the growth of BTC. Why? On the screen you also see that the delta, or rather the balance (blue line), of Bitcoin is lower, and alts can be said to be “overbought.”
Let's take a look at the cluster graph. #Bitcoin
Why is Bitcoin growth possible? In this flat there was only one small purchase and it is clear that the price reacted with growth, we immediately updated the high. Everything else in the range is continuous sales, absolutely all of them went into limit purchases, there is a huge amount of volume for sale, but the price did not go down from the flat.
What to do? - watch market purchases on clusters, if at the next approach to the lower part of the range we do not see limit support, Bitcoin will fall and this is a short. If an upward movement begins and we do not see the previous situation - limit resistance and dropping volumes - this is a long trade.
