Analysis $BTC 01/05/2025
#BTC, we made an attempt yesterday to break $99K but we failed, however we can see something positive even in this failure, see that the price was supported just below at $97,300 and today despite being negative we still look good, the current 4h candle is very important because if it does not cancel the previous one, then the BEARS will have to withdraw their big $100K orders or they will probably be activated.
If we have a lunation from this previous candle, then we will work a little lower in this blue band to jump from there. Either way, it still looks very good.
This lateralization of just over 1.30% was expected, so we have nothing new here, however, I would like to emphasize that despite having few people in the market, we had a good week, and this next week should be even better, since we have everyone here and we will have important economic data.
ETH/BTC continues trying to rise to 0.003820, and this will only be possible when Bitcoin Dominance is rejected near 57.36%, but it seems to me that it is already losing strength before that... It will be interesting to see the reaction of this to the arrival of all our friends. It will test close to this and we will fall again, making it easier for Altcoins to rise.
Again I bring up that OBSERVATION that the price of Bitcoin is not what matters for Altcoins from here on, but rather its dominance, so look at the right side!
Things are pretty much the same as yesterday, so there's not much to add.
Realize that ALMOST THE ENTIRE market is pulling back to retest important areas, so it is a normal and expected pullback (especially in Altcoins that have risen much more), so don't despair and keep HOLDING!
In the next few weeks we will go up +30% (ALTS), so you will be unlocked. Rather be negative and in the game than OUT just watching!
#Binance250Million #BinanceAlphaAlert #CryptoReboundStrategy #BIOOpenonBinance #SUIHitsATH