As mentioned in the previous post, BTC is gradually declining and approaching the 90k level.
Will 90k hold and lead to a rebound to 101.5k?
The Fear and Greed Index remains high at 54. On the other hand, we are still in a bull market.
The MACD is positive on the 4-hour time frame, while the RSI suggests that BTC is approaching a short-term reversal, suggesting a potential minor upside move.
Volume is present, albeit modest, but it has the potential for rapid growth.
Market capitalization shows that funds are still flowing out (see attached screenshot).
BTC remains dominant, holding nearly 57% market share, which prevents altcoins from gaining traction.
If BTC experiences further declines and its dominance decreases, we may witness significant growth in altcoins.
Could this happen during the upcoming Christmas period? It's possible.
There is significant potential for growth in the coming months, especially with altcoins that have strong fundamentals. Be prepared!
BTCUSDT
Perpetual
93256
-2.1%
This is not financial advice. Always do your own research (DYOR).
Feel free to share your thoughts, ideas, and research in the comments so we can all grow together.
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