🚨🚨 Urgent BTC Update 🚨🚨
1️⃣ BTC failed to retest and break through resistance, which is very negative. It's now likely to drop back to the 50,000 to 49,000 range after breaking support at 56,500. Despite a positive daily close, BTC unexpectedly collapsed instead of rebounding. The dominance (BTC.D) remains bullish despite this setback.
📉 My technical analysis suggests little hope for altcoins. BTC dominance could rise significantly this week unless there's a sudden influx of liquidity to support BTC.
📈 The current BTC dominance stands at 55.11 and needs to reach 55.91 for a bullish trend. The week could see potential for a bounce back early on, possibly driven by market fluctuations and investor sentiment.
💡 Watch out for price levels around 50,000 and 52,000 for potential buying opportunities, with a bounce back expected towards 56,500 later in the week.
Stay informed and cautious during this volatile period!
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