Market Update -

#Bitcoin‬ is currently encountering clear resistance in the #DownTrend on the 4-hour timeframe. This morning, we witnessed another test of the Monthly Open area around $61200, which prompted a minor reaction thus far. The downtrend resistance is on track to intersect with the Monthly Open support soon, marking a critical decision point.

To confirm a breakout of resistance, we'll be watching for a 4-hour close above $62300. Conversely, a breakdown below $61200 would indicate a breach of support.

$BTC #Dominance has risen again this morning, prompting caution. The effects of increasing BTC dominance combined with lower weekend liquidity are already evident. While BTC only experienced a slight drop of under 2%, many #Altcoins... saw significant declines of 10-20%.

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