GOOD MORNING!!!!

Analysis $BTC 11/18/2024
#BTC, nothing unusual happening here. We had a new jump to $92,600, but we were quickly rejected and are once again testing this important region that is $90K.

Although it already shows weakness and leaves some doubt as to whether this time the green band will hold the price, the #altcoin does not seem to care about Bitcoin, of course this is due to its Dominance that is falling.

We are seeing some large buy orders being placed just below the current price, so clearly the price is looking for this liquidity, although the Bears demonstrate some control here, I do not think this will last much longer.

I know that many would like to see a straight rise to $100K again, but I personally think that if we have a good consolidation here between $87,800/$92,600, this will make us stronger to attack $100K.

Note that this lateralization that we started was beneficial for the altcoins, so if we take a little longer here, we will see the lagging altcoins shooting up to follow the others.

Here we can see that the big SELLERS are building a selling wall at $95K, which makes perfect sense. The big BUYERS, on the other hand, are bidding just below the current price around $89K, which in my opinion doesn't make much sense. I think this support should be lower, otherwise the market will continue trying to get the closest liquidity.

Overall, my thinking remains the same:

I don't care much about the price of BTC, and I continue to focus on its dominance.

Maybe a little more time in this sideways range is necessary before we can continue to climb.

Altcoins should continue to rise as we cool down here!

* If you have any questions, don't hesitate, go to my INSTA (it's in the fixed image of my profile here), call me and ask your question.