Analysis $BTC 12/18/2024
#BTC, we are seeing the most accepted cut in interest rates (25 bps), however, once again Powell's comments are really disastrous, and his opinion is always what brings down prices, it is not exactly the amount that is cut that moves the entire market, he is always a problem.
Unfortunately we had to come all the way to $101K to find support, which is still quite reasonable and does not change the general bullish scenario. Here the BULLS do not need much to stay in the game, they just need to stay above $100K and we will be able to normalize prices quickly in 1 or 2 days.
We can see some good BUYS being made here, but it should take a few hours for us to have better clarity, since no one wants to catch a falling knife.
The spot SELLERS here were responsible for leading this movement, so nothing changed in large orders that were above $108K.
Even though we had a strong and fast movement in Bitcoin, the #altcoin is still holding relatively well, an example of this is HBAR, which retreated to support, but was quickly thrown up, and there were practically no changes on the chart.
Unlike, for example, my other LONGs, such as CELO, which left me negative, but I will continue to hold it, despite being the most annoying at the moment. KEEP GOING!
Bitcoin's DOMINANCE is still retesting 58%, which is also still reasonable. Note that TOTAL 2 retreated -4.77% and Bitcoin practically the same.
Let's see if this reset causes us to reverse things and we can have Altcoins rising before Bitcoin.
Today's daily closing is extremely important, stay tuned!
This is the Time for Altcoins to Rise!!!
* 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.
