For now, $BTC is closely following our plan from previous analyses. Furthermore, two more predictions have recently played out:
1. The interest rate increase has been paused.
2. Bitcoin dominance has started to decline, with most alts showing double-digit gains.
It was the FED's halt in rate hikes that led to the latest market surge, during which $BTC set a new local high near $36,000. At the moment, we are witnessing a slight correction from this level, which is trying to be contained by the former resistance at $35,000.💁🏻♂️ If we observe that $35,000 is now acting as strong support, it will be a signal for a continuation of the upward trend in the near future. I'd like to remind you that our immediate target for $BTC is set at $38,000.
