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Bitcoin (BTC) Analysis - June 8, 2024

Chart:

Frame H1, M15: The rising wave structure has broken, the price is finding lower support.

Support zone: 683xx is supporting the price of BTC.

Dominance (dom): High, shows that Altcoin is dumping strongly.

Trend:

Short term: You should only buy/sell BTC, Altcoin should wait for clearer signals.

Reason: The market needs time to recover after each dump to form a new trend.

"Bitcoin is still in an uptrend, just correcting. Be patient and don't panic!"

Note:

This analysis is for reference only, not investment advice.

You should do your own research and make your own investment decisions.

Besides:

A number of other technical indicators can be used to support analysis, such as RSI, MACD, Ichimoku Cloud,...

Following news and events related to Bitcoin and the cryptocurrency market is also important#TopCoinsJune2024 #binance #btc #bitcoin