1️⃣ $BTC Analysis #BTC
📉 Breakdown Alert: BTC has reached the top of an ascending parallel channel and is now breaking down the channel.
💡 Critical Zone: BTC must reclaim $97,400 to sustain bullish momentum.
Daily Levels
🔰 Pivot Point: $96,380
🛡️ Support: $96,380, $94,800, $93,950, $92,400
🎯 Resistance: $97,400, $98,800, $100,300
Weekly Levels
🔰 Pivot Point: $98,600
🛡️ Support: $94,400, $91,700, $87,500
🎯 Resistance: $102,900, $105,600, $109,800
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📉 4H Time Frame: ETH is breaking down from an ascending parallel channel, mirroring BTC's movement. ETH must reclaim $3,770 to avoid further corrections.
🔷 7-Day Time Frame: ETH is forming a symmetrical triangle, testing critical support trendlines.
Daily Levels
🔰 Pivot Point: $3,640
🛡️ Support: $3,544, $3,480, $3,380
🎯 Resistance: $3,741, $3,801, $3,900
Weekly Levels
🔰 Pivot Point: $3,863
🛡️ Support: $3,644, $3,500, $3,290
🎯 Resistance: $4,083, $4,210, $4,438
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3️⃣ Altcoin Market Update & BTC Dominance
📊 Observation: Altcoins have corrected sharply due to a rise in BTC dominance.
⚡ BTC Dominance ($BTC.D): #btcdom
🔸 A continued rise to 57.80%-58% could further pressure altcoins.
🔸 A breakdown below 56% (with confirmation below 53%) may mark the start of an altcoin season.
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4️⃣ Total Market Cap Analysis
📈 #Total2 (Altcoin Market Cap):
🔹 Support: $1.28T
🔹 Resistance: $1.66T
📉 #Total3 (Altcoin Market Cap Excluding BTC & ETH):
🔹 Support: $938B
🔹 Resistance: $1.04T
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5️⃣ USDT Dominance
💰 Observation: USDT.D is facing trendline resistance at 4.20%-4.25% on the 4H time frame.
💡 Explanation:
🔸 A fall in USDT dominance signals funds moving out of stablecoins into crypto assets, indicating buying interest.
🔸 A rise in USDT dominance indicates investors are shifting funds to stablecoins, often during market uncertainty.
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6️⃣ Dollar Index ($DXY) #DXY
🌍 General Explanation:
🔹 The Dollar Index (DXY) influences BTC and altcoin prices. A drop in DXY generally supports a price rise in cryptocurrencies.
🔹 For example:
1 BTC / 104 (DXY) > 1 BTC / 106 (DXY), as the denominator (DXY) decreases, leading to a higher BTC price in USD terms.
⚠️ Key Level to Watch:
🔸 A bullish signal for crypto markets emerges if DXY falls below 105.5.
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7️⃣ Cautionary Notes
⚠️ Volatility Alert: Crypto markets remain highly volatile. Always set tight stop-loss orders.
🛡️ Risk Management: Avoid overexposing your portfolio; trade with calculated risk.
🔍 Key Focus: Watch BTC’s price movement, #BTC.D, and #DXY for broader market direction.
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$BTC $ETH $XRP $SOL $PEPE
