🐝 QUICK BTC UPDATE Too soon to make any serious decisions, but here is what I can say for now: - This rejection from the $94,100 resistance is ABSOLUTELY healthy. Breaking it upwards from the first try would be savage, taking into account that OI, liquidity and volumes are still low after the 10/10 crash. - It is crucial for now to hold the price above $90,500 support level, there is also a local one — $91,250. Breaking the support down will send us down to the horizontal channel support and possibly even lower.
- 0 replies
- 0 recasts
- 0 reactions
👼 ALTCOIN DOMINANCE This is the dominance of Altcoins — all coins excluding top 10 by market cap. As you can see, right now it is bouncing from the support of the historical Falling Wedge! Nice sign. We can expect alt dominance to reach 8.5% - 9.5% targets (this is actually a HUGE pump on most of alts). Breakout of the wedge is less likely in the near future, most likely we won’t see it earlier than 2027, but once it happens — there will be a pivotal Altcoin season we have not seen since 2021.
- 0 replies
- 0 recasts
- 0 reactions
🐝 BTC BRIEF UPDATE The price broke through the $90,500 resistance on a strong impulse. Praying for the weekly closure above. Not taking new trades today, need to see weekly opening.
- 0 replies
- 0 recasts
- 0 reactions