Hello everyone, colleagues!
Well, so far, Bitcoin is moving according to local expectations and today it seems to be accumulating strength to break through the key resistance zone of $64K-65K, where the descending resistance of the almost 200-day channel also passes.
A breakout, consolidation and further confirmation of this zone as support may mean a change in the downward structure for us and may become a real bid to rewrite the highs in the near future.
For a strong and impulsive breakout of the resistance range, volumes are needed and, accordingly, dominance growth. So far, on the dominance chart, we see a slight decrease, but, as I said earlier in other reviews, that the reversal zone is 58-60%, then there is still a small reserve of movement, just enough for a breakout of the nearest key resistance.
It is still too early to talk about breaking the almost 200-day structure; time is needed to confirm and further implement this idea.
I will repeat once again that globally I support the idea of Bitcoin falling more than its growth, but I do not rule out the nearest local growth within the framework of some game of large players in order to give faith and confidence to the majority of other players to strengthen their purchases in order to continue unloading their positions.
Ether worked out the lower support border of $2145 clearly, with a good reaction from buyers, and has now approached the key resistance of $2700, which will be broken through in the near future with subsequent movement to the resistance in the form of 200DMA 1D and the mirror level of $2880-2900. But for this we need a breakout on bitcoin.
