See original
Ualifi Araújo
--
Bullish
Analysis $BTC 03/01/2025
#BTC, this positive reaction from Bitcoin is really extraordinary and it continues to follow our plan perfectly.
We are almost closing this current 4H candle, and if we are able to close above 98,500 today, then it will be another confirmation that the $100K over the weekend is real.
There is something we should note here: Note that BTC dominance is negative -1% even though it is printing a +2% increase, this is what we would like to see, as this is a good setup for #altcoin to continue rising.
There was a doubt among many analysts about which direction Dominance would take if BTC reacted quickly, now it seems that there is a consensus that Dominance will fall anyway lol, but as always (it seems to me), I have to disagree with my noble colleagues...
I THINK that BTC Dominance will continue to fall, of course, at each important level broken, it will come back to retest (causing fluctuations in Altcoins), so far so good, however, I do not think that we will have a GREAT performance of Altcoins if BTC rises above $108K without sidewaysing a little.
So what I am saying is that for an even more OPTIMISTIC scenario for ALTCOINS, BTC should remain in this range between $98K/$108K as much as possible, giving room for its Dominance to continue falling and Altcoins to continue running quickly.
So my main idea is this: BTC starts working between $98K/$108K until its Dominance drops to 54% and pushes all ALTS up, of course the best and strongest will break key resistances that will put them in line with their ATHS.
After that, BTC rises above $108K, making it difficult for ALTS again and holding back those that are already faster and giving space for the ones that are lagging behind to run.
In the next round, it repeats at higher prices!
* If you have any questions, don't hesitate, go to my INSTA (it's in the fixed image of my profile here), call me and ask your question.
#BTC, this positive reaction from Bitcoin is really extraordinary and it continues to follow our plan perfectly.
We are almost closing this current 4H candle, and if we are able to close above 98,500 today, then it will be another confirmation that the $100K over the weekend is real.
There is something we should note here: Note that BTC dominance is negative -1% even though it is printing a +2% increase, this is what we would like to see, as this is a good setup for #altcoin to continue rising.
There was a doubt among many analysts about which direction Dominance would take if BTC reacted quickly, now it seems that there is a consensus that Dominance will fall anyway lol, but as always (it seems to me), I have to disagree with my noble colleagues...
I THINK that BTC Dominance will continue to fall, of course, at each important level broken, it will come back to retest (causing fluctuations in Altcoins), so far so good, however, I do not think that we will have a GREAT performance of Altcoins if BTC rises above $108K without sidewaysing a little.
So what I am saying is that for an even more OPTIMISTIC scenario for ALTCOINS, BTC should remain in this range between $98K/$108K as much as possible, giving room for its Dominance to continue falling and Altcoins to continue running quickly.
So my main idea is this: BTC starts working between $98K/$108K until its Dominance drops to 54% and pushes all ALTS up, of course the best and strongest will break key resistances that will put them in line with their ATHS.
After that, BTC rises above $108K, making it difficult for ALTS again and holding back those that are already faster and giving space for the ones that are lagging behind to run.
In the next round, it repeats at higher prices!
* If you have any questions, don't hesitate, go to my INSTA (it's in the fixed image of my profile here), call me and ask your question.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
Replies 0