MARKET UPDATE: $BTC DOMINANCE ➖➖➖➖➖➖➖ $BTC is in a downtrend, indicating that altcoins are showing strength compared to Bitcoin. ➖➖➖➖➖➖➖ - Binance Killers®
VIP MARKET UPDATE: $BTC ➖➖➖➖➖➖➖ BTC CME Futures on the 4-hour timeframe shows a breakdown from a symmetrical triangle pattern. After a strong upward rally, the price consolidated within the triangle but has now broken below the lower trendline, indicating bearish pressure entering the market.
The first key support zone lies between 114,000 – 115,000, which aligns with the short-term EMA 100 and a previously tested demand area. Holding above this zone is critical for bulls to attempt a recovery.
If this support fails, the next major demand zone is located around 111,500 – 112,500, which has historically acted as a strong support base. The longer-term EMA 200 is also positioned near this region, providing additional support.
For bulls to regain momentum, the price needs to reclaim the broken triangle structure and move back above recent resistance levels. Until then, a correction remains possible. ➖➖➖➖➖➖➖ - Binance Killers®