📊 Market Update - Feb 20, 2025
🔹 DXY rejected from the key level we highlighted yesterday. If it continues down, that’s bullish for risk assets like BTC & alts.
🔹 TOTAL Market Cap is trying to break back into its range, but first, it needs to reclaim the 21EMA before we can get excited about more upside.
🔹 Bitcoin Dominance retested resistance—ideally, we see a slow move down, which would favor altcoins, but we need TOTAL2 & TOTAL3 to confirm strength before jumping in heavy.
🔹 Bitcoin is at a decision point—testing local resistance + 21EMA. A breakout could bring bullish momentum, but a rejection here would mean more chop.
❓ What does this mean?
If DXY keeps dropping, crypto has room to run ✅
If TOTAL reclaims the range, altcoins will have more support ✅
BTC breaking resistance = momentum shift ✅
Watching TOTAL2 & TOTAL3 for altcoin confluence ✅
👀 Key levels are being tested. Stay sharp. Watch liquidity. Make informed moves.
#Bitcoin #Crypto #Ethereum #DXY #CryptoTrading