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After the recent rise of Bitcoin, it is still moving within a sideways range between $116,000 and $119,500, with a decline in dominance, giving altcoins a chance to rise.
• The sideways movement continues for now, as there are sectors that have not moved strongly like other cryptocurrencies. Once all sectors finish their upward movement, a correction may begin.
• Corrections during this period are quick and their rebounds are strong, so they should be exploited. The support areas for Bitcoin at Fibonacci levels are:
$116,000
$113,600
$111,000
• The strongest support area is $111,000, so if any decision that affects the market is made, the first two support areas may be easily broken.
• The market remains positive if it closes today above $119,500, at which point we head towards the next target at $125,500$BTC
• The sideways movement continues for now, as there are sectors that have not moved strongly like other cryptocurrencies. Once all sectors finish their upward movement, a correction may begin.
• Corrections during this period are quick and their rebounds are strong, so they should be exploited. The support areas for Bitcoin at Fibonacci levels are:
$116,000
$113,600
$111,000
• The strongest support area is $111,000, so if any decision that affects the market is made, the first two support areas may be easily broken.
• The market remains positive if it closes today above $119,500, at which point we head towards the next target at $125,500$BTC
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Bitcoin Acquisition Update:
BTC Dominance
$BTC
• The dominance has bounced back from the second support area at 60.45%. This support area is very strong and requires the dominance to rise slightly before continuing to drop.
$ETH
• If it stabilizes above 60.45% and closes above it for two days, dominance may rise to 62.08%.
• The positive aspect of the dominance is that the general upward trend of dominance has been broken, which is a promising start for excellent movement in cryptocurrencies unless it returns above the trend again.
$BNB
BTC Dominance
$BTC
• The dominance has bounced back from the second support area at 60.45%. This support area is very strong and requires the dominance to rise slightly before continuing to drop.
$ETH
• If it stabilizes above 60.45% and closes above it for two days, dominance may rise to 62.08%.
• The positive aspect of the dominance is that the general upward trend of dominance has been broken, which is a promising start for excellent movement in cryptocurrencies unless it returns above the trend again.
$BNB
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Update on Alternative Currency Liquidity
$BTC
It started activating yesterday and most currencies dropped sharply, wiping out more than half of their gains. Now, buying opportunities are renewing once again for those who collected their profits
$BTC
• Liquidity rebound areas at 986T, followed by stronger support at 924T. After reaching either of these, liquidity will return to strongly enter the currencies again, God willing
$SOL #CryptoClarityAct
$BTC
It started activating yesterday and most currencies dropped sharply, wiping out more than half of their gains. Now, buying opportunities are renewing once again for those who collected their profits
$BTC
• Liquidity rebound areas at 986T, followed by stronger support at 924T. After reaching either of these, liquidity will return to strongly enter the currencies again, God willing
$SOL #CryptoClarityAct
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