So, a brief analysis of the cryptocurrency market:
The total market capitalization is $3 trillion 430 million, the dominance of $BTC is 56.79% and continues to decline. What does this mean? It's simple: altcoins are recouping their losses. This means that they can go up, liquidating shorts.
The stops of shorts are hiding behind the nearest resistance level - this is the first target. Density breakouts are expected.
News from the US will be released soon, which will likely increase market volatility. After that, it will become clear where $BTC will go:
If it consolidates above $98,000, it can reach $100,000.
If not, it can liquidate the stops of participants at $96,400.
Or we will have a sideways trend until the next big news.
For now, we are waiting for the news.
Trade wisely and earn! 💰