๐จ๐ BTC IS DEFENDING A KEY ZONEโฆ BUT IT'S NOT WISE TO LOSE IT ๐๐ฅ
Bitcoin is still fighting a VERY important zone on the 4H chart and honestlyโฆ the market looks shaky ๐ฎโ๐จ๐ hit follow so you donโt miss anything
๐ง The good news is this:
Despite the drop of over $3000 in BTCโฆ many
#altcoins are holding up REALLY well ๐ณ๐ฅ
๐ Some barely corrected
๐ others are still ranging
๐ and several are even continuing to rise
That usually means that: โ ๏ธ Bitcoin's dominance is starting to lose strength
And when that happensโฆ the
#Alts tend to breathe much better ๐ช๐
๐ง Whatโs interesting here is whatโs NOT visible:
In other strong drops of BTC: ๐ altcoins usually collapsed much more
But this time: ๐ money seems to be staying within the crypto market instead of flowing out completely
That could mean: ๐ internal capital rotation
๐ traders looking for more risk in alts
๐ or simply that the market is less loaded with extreme fear
BUT WATCH OUT โ ๏ธ
Everything still depends on Bitcoin ๐ตโ๐ซ
Because if BTC loses this zone strongly: ๐ altcoins will probably feel the hit afterwards
Although for nowโฆ ๐ฅ theyโre showing some pretty interesting strength
And honestlyโฆ if BTC manages to stabilize and regain momentum in the next few hours: ๐ we could see VERY aggressive moves in several alts
Because: ๐ weakening dominance
๐ alts holding strong
๐ฅ and extremely divided sentiment
is a mix that often ends up exploding hard ๐โก
๐ The real question now is:
Are the altcoins anticipating a significant bounce from BTCโฆ or are they just holding on before the real drop? ๐จ๐ช๐๐ฅ