๐ Market Analysis
โข Bitcoin is holding at $96,500, with a target of $91,000 ๐ป
โข BTC dominance is at a peak of 58.4% and is expected to start declining soon ๐ป
โข The altcoin index is in the process of rebounding but looks weak โ still uncertain.
โข Alts are at rock bottom, and until dominance drops below 58%, thereโs little reason to chase them.
โข The U.S. market is very positive and has returned to its highs ๐
โข The dollar index is rising, which is negative for crypto ๐ป
โข Mining companies are dropping more than growing โ another negative signal ๐ป
โ Conclusion: Based on these factors, the market could continue declining for a while, followed by a reversal.
I believe BTC wonโt drop below $89,000 โ and weโll see a new wave of growth!