$BTC is unstoppable today
Every hour — a new historical maximum. At the peak, the dominance of $BTC reached 57.95%, but the volumes are gradually decreasing, which indicates a weakening of the current growth.
Nearest targets:
$108,140 and $109,120, behind which are hidden huge liquidations of shorts. Next: $110,000 — a round number and a cherished target. After which there will be massive profit-taking and a correction, probably deep and impulsive.
How will we get there?
A scenario with a rollback and a decrease in BTC dominance below 57% is not excluded. This may become a signal for the beginning of active growth of altcoins, as capital will begin to flow from BTC to altcoins.
The greed index is at 83, showing that the market is heated to the limit.
The 90-day alt season index has dropped to 63, which confirms the altcoin accumulation stage, accumulation towards a full alt season, when $ETH will cost $6000, which is now its legitimate target.
Trade wisely and earn!