Good day to everyone!
Good day to everyone, so what is happening in the markets.
Let's analyze dad #btc
BTC 12M🟠
The triangular correction hints at an increased likelihood of continuing the local uptrend.
Earlier, I noted a strong key resistance level for #BTC dominance at 60.5% (0.618 according to Fibonacci).
I did not particularly expect it to be reached by the oscillator, as at that time it still seemed like something extremely negative.
In the end, the level is almost reached, but altcoins were saved by Bitcoin's rise to its ATH. Otherwise, we would have already been buying the nth bottom.
The next resistance level is 66.3%. If Bitcoin updates its ATH and moves towards ~100k$ next year, it may well be reached, however sad that may sound 👀
I closed shorts on my main assets, some + some were used, I continue to hold longs.