🛑 Urgent Market Update for BTC, ETH, BNB 🛑
1️⃣ BTC Analysis:
- Market Timing: At the start of the month, markets often see a dip.
- Current Trend: BTC recently attempted a breakout from 67,950 to 67,750 but failed.
- Support Levels: BTC is in a retracement area and may drop to:
- 67,500 (initial support and rebound area)
- 67,150 (secondary support)
- 66,800 (strong support)
- Expected Movements:
- Potential fall to 67,350, then to 66,800, and possibly to 66,200.
- Strong support exists at 65,450, which could see a 100% retracement if reached.
2️⃣ Total Market Liquidity:
- lCurrent Position: In a negative zone at 2.455.
- Targets:
- Aiming for 2.437 and 2.425.
- If liquidity drops further, it may target 2.405, with possible rebounds.
- Further declines could see targets at 2.355 and strong resistance at 2.325.
- Indicators: Negative RSI suggests further declines.
3️⃣ USDT Dominance:
- Current Level**: Positive, around 4.57.
- Targets:
- Targeting 4.60 and any closure above this level is bearish for the market.
- This strength in USDT may negatively impact BTC and altcoins.
4️⃣ BTC Dominance:
- Current Trend: Rising from 54.19 to 54.50.
- Impart:
- Rising BTC dominance is negative for altcoins and meme coins.
- Increased BTC dominance may lead to significant declines in the altcoin market.
Thank you for reading! Stay vigilant and manage your risks.
