@moriiimur
Bitcoin Dominance Daily Chart Analysis
Timeframe: Daily
We’ve bounced back from the drop of the past few hours and climbed. We also are trading above the 61.18 resistance, but nothing strong of a continuation. It is now entering a period of consolidation between 60.14 and 62.23 with limited range.
❓ Why is this an emasculating sign of weakness?
Because, even thought its reclaimed the drop, there has been no strong bullish move and in fact had to consolidate.
📉 Key Level to Watch:
If the market still has a bullish sentiment, a drop below 60.14 could provide a good long opportunity on Altcoins.
⚠️ Reminder:
This is just my opinion. — And manage that risk to protect your capital!
Thanks for reading! Let me know your thoughts. 🙌