#XmasCryptoMiracles 👀 Overview of the crypto market.
〽️ The market is a bit turbulent today. Yesterday, Bitcoin hit $99k but failed to break the upper boundary, and today it decided to shave off some long traders or give one more opportunity to buy at a discount.
🪙 BTC is trading around — $95,506
🔷 ETH is fluctuating around — $3,364
📈 The biggest growth over the past day was shown by — BGB +18.36%
📉 The largest drop was shown by — FARTCOIN -15.64%
📊 Indicators:
😨 Fear and Greed Index — 79
💲 Altseason Index — 45
📈 Long/Short Ratio — 49/51
💰 Market Capitalization — $3.24 trillion.
👑 Bitcoin Dominance — 58.42%
🔽 Bitcoin reserves on Binance have dropped below 570k BTC, the lowest level since January 2024 — previously, a similar reduction preceded a 90% increase in Bitcoin in March.
🔮 Forecast:
I repeat, discussing the continuation of growth is only worth it after breaking $100k. Currently, the price is moving within an upward channel, which could form a 'bear flag' pattern, aiming for a further dump to the full correction zone of $85k. But it is better to wait for confirmations.