Altcoins react less painfully to the current decline in BTC. Moreover, the current two-hour#BTCdominance candle is still red. Presses against the trend. The daily candle is also red for now. Despite the fact that#BTCwas below $60,000 at the moment.
With today's decline, the price of#BTChas already given almost -19% of ATH. If you look at the January decline, it was more than -21%. This is about the issue of the “end of the world” and breaking the trend.
The only thing I don’t like is how the daily candles now look relative to the EMA of the 50 day TF. Breakdown and retest of breakdown. But we already went through this in January. Then the price could not break through the EMA from bottom to top for four days, then a downward impulse followed with an increase in liquidity, and only after that a reversal occurred with a breakdown of the moving average.
