On 30 May, I shared key BTC buying levels: Entry Zone: $105,700 ā $105,000 DCA Zone: $104,000 Stoploss: $100,650
BTC is currently trading near $103,000, which aligns with the Fibonacci Golden Zone (0.79) on the 4-hour chart. This means the short-term structure remains bullish as long as BTC stays above the 12 May swing low at $100,718.
However, on higher timeframes, some risk factors are visible. Thatās why it is important to hold with a tight stoploss and manage risk properly.
BTC has broken its previous all-time high of $109,588 and made a new high at $111,980. But until now, no weekly candle has closed above the previous ATH.
Also, a possible bearish divergence is forming on the weekly chart. Whether this will confirm or get invalidated ā weāll find out within the next 24 to 48 hours, based on the weekly close.
Total Crypto Market Cap
Current market cap: approximately $3.19 Trillion Still below the all-time high of $3.73 Trillion
On the 4-hour timeframe, the structure remains bullish as long as the market holds above the 19 May swing low of $3.17T.
BTC Dominance
BTC dominance has reached a cycle high of 65.50%, and is currently around 64.40%.
This is an important signal: If BTC dominance starts to decline from here, it could open the door for a strong recovery in altcoins.
So, this may be a key moment to prepare or re-evaluate your altcoin positions ā especially for those waiting for the next rotation.
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