The BTC rate has entered a stable uptrend on the 2-hour TF as well. The basic targets are $98,740 and $100,037. The additional ones are far away - $106,419, it is difficult to achieve this with an impulse.
There is no transition to a stable uptrend on the 4-hour TF; there were not enough arguments.
BUT, the dominance of USDT + USDC has moved into a stable downtrend on the 4-hour TF. With an abundance of additional targets below. Up to the target of 0.81% from the monthly TF 🤭. But we don’t think that the bull market will be exactly like that. We believe more in the target of 2.09%.
If we talk about stablecoin dominance, it is very important to see a continuation of the decline, a transition to a stable downtrend on the 12-hour TF and consolidation under the EMA 50 of the daily TF (currently 4.31%). Because now on the daily TF, stablecoin dominance has a stable uptrend and it has not yet been broken.
These signals would bring the break closer. And the fact of such a break should open the start of a parabolic growth of altcoins.
We don't expect such a sudden break in the dominance of#USDT+ #USDC, a rollback or range is requested. Although, taking into account the past Saturday purchase, we wouldn't mind the start of a full-fledged Santa Claus rally right now. After all, according to the dates, it's just about time, the last trading week of the year. The problem is that for this, BTC needs to break the signal of a potential high on the weekly TF, which was written about yesterday. But the growth of altcoins untied from it is also not a fantastic scenario.
