The BTC rate closed with a bullish candle on the 4-hour time frame and above the trend line from November 22. Also, on the 4-hour time frame - there's a signal of potential low (but there can be up to three in a row, and this is only the first 👀). And at this moment, there is a recovery to $98,000.
Overall - it's already good for the bulls, but a steady uptrend on the 15-minute time frame is also needed. As confirmation from the lower time frames for the start of the movement. Meanwhile, there are, on the contrary, signals of a potential high.
We strengthen our conclusions that the low in the correction for BTC is set. However, the probability of going below the current rate and below the psychological $97,000 remains until the price consolidates above the EMA 50 on the 4-hour time frame (testing its breakout - the moment of truth for now).
There are very turbulent movements in the altcoin market, according to #P73Signals (this, let us remind you, is monitoring the TOP-200 crypto assets) many notifications have come in on the 4-hour and 12-hour time frames.
Some of which contradict each other due to price anomalies and sharp movements. On the 4-hour time frame, signals of potential lows (including Strong signal) for a number of assets appeared simultaneously with signals of transitioning to a steady downtrend. For example, like #DYDX.
The situation is more serious with the fact that a lot (48) of assets have transitioned to a steady downtrend on the 12-hour time frame. These signals more confidently indicate the probability of a correction or at least a range in the coming days. At the same time, several assets on this time frame also have a combination of signals of potential lows and steady downtrends. For example, #KAVA.
This happens in a super-volatile market, and in a bullish outcome, it will end with the signals of steady downtrends only working off the nearest basic targets. Or they may not be worked off at all, and this is a false signal that will be blurred by the range.
What benchmark should we take for further assessments? We have set alerts for a transition to a steady downtrend in #BTC dominance on the 15-minute, 30-minute, and hourly time frames.
This is very important right now. These will be signals that the period of uncertainty for altcoins is ending and they are returning to growth. If we see these signals today or tomorrow - it is a good sign for breaking the signals of a persistent downtrend in altcoin prices on the 4-hour and 12-hour time frames.
From the set of additional targets according to the indicator, it's clear where the dominance trend is looking. The current growth of BTC dominance is nothing more than a bounce, an anomaly. And a retest of the breakout of ascending trend resistances.
