@lemon-brothers
BTC/USDT Weekly Review
✔️Week closed with a pin bar - possible signal for a downward reversal
https://www.tradingview.co...
🟢 Global and local uptrend. Correction to 88-85k will not break the uptrend
🟢 Continued acceptance of BTC as an asset
🟠 Negative cumulative delta (-$1.19 billion), while the price remains stable. Limit buy orders at these levels - retail or institutional?
🟠 Did not allow lingering in the greed zone
🟠 Expectations of rate reduction have fallen
🔴 False breakout of the resistance zone
🔴 Sell in May
🧠 Altcoins were given a chance to breathe, but they are still far from an adequate correction of the fall (not to mention the alt season). A sideways movement on Bitcoin in the range of 88-95k for several weeks/months is a good chance for alts. And while Bitcoin is growing, its dominance is also growing.