It’s totally normal for BTC dominance to drop in the late bull market. When a whale falls, everything else thrives—these last few days have been all about the sell-off. BTC has been dumping consistently: slow pumps followed by more selling, rinse and repeat. If we break below this range, expect the trend to continue. BTC longs can be set at 107,200 and 105,200 supports. Saw the news—Nvidia just lost a trillion in market cap too. ETH finally got dragged up to the 4,800 ATH.
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Compared to BTC, ETH's performance here is honestly quite pleasing... Even though the price is still in a downtrend, the pullbacks and volume are pretty mild, making you wonder if BTC is getting drained by ETH... The only explanation for ETH holding up this strong is that big money is constantly selling BTC and buying ETH...
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Bitcoin $BTC saw a sharp drop after triggering an overbought signal on the 4H chart, and the price is still trending down. No oversold signal has appeared yet. The key now is to watch the market’s reaction once an oversold signal is triggered. If we see a quick rebound like last time, it means the bulls still have strength. But if the reaction is weak or the price keeps dropping, it signals that bullish momentum is lacking.
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