Thoughts on the market as of June 25, 2024.
Bitcoin moved within the range of 58402-62975 during the day
Market capitalization 2.21 trillion, dominance index 54.65%
The dollar index is now declining, but is still above 105. A positive for everyone in the market will be its move to 104-103.9
Bitcoin fell to 58402 yesterday (the minimum since May 2). But the price did not reach the local minimum set at that time at 56552.
At night, Bitcoin began to grow and has been above 61K for a couple of hours.
The fear index fell to 30 - the most fear since September 2023. That is, now market participants are just as scared as they were in September 2023, when Bitcoin was at 25-26K.
Of course, if something positive happens now (cancellation of mt.GOX, start of trading in ETH-ETF), then growth will have no alternative.
Alts continue to demonstrate resistance to negativity, Bitcoin dominance is declining. This doesn't fit well with the current fear index. Because when there is fear, alts are the first to drain.
It is obvious that the crowd is afraid, and someone is buying alts. Be on the right side.
The priority option for today is Bitcoin in a range with a lower limit at 59000-58500 and an upper limit at 63400-63500
Alternative - fixation below 58500
