$BTC is unstoppable today Every hour — a new historical maximum. At the peak, the dominance of $BTC reached 57.95%, but the volumes are gradually decreasing, which indicates a weakening of the current growth. Nearest targets: $108,140 and $109,120, behind which are hidden huge liquidations of shorts. Next: $110,000 — a round number and a cherished target. After which there will be massive profit-taking and a correction, probably deep and impulsive. How will we get there? A scenario with a rollback and a decrease in BTC dominance below 57% is not excluded. This may become a signal for the beginning of active growth of altcoins, as capital will begin to flow from BTC to altcoins. The greed index is at 83, showing that the market is heated to the limit. The 90-day alt season index has dropped to 63, which confirms the altcoin accumulation stage, accumulation towards a full alt season, when $ETH will cost $6000, which is now its legitimate target. Trade wisely and earn!
$BTC domination is 56.67%, and throughout the day it was on the rise. My forecast: This weekend a drop of $BTC is likely. Serious players are going on vacation, while speculators are entering the game as if they had ever left it :) Accordingly, I expect a drop to $98,500 to trigger the stop losses of the logisticians. They won't be envied... They were shaved all week.
I closed my trades in anticipation of a clearer market, until Monday. Don't forget about stops and getting to breakeven.
I am preparing a text about promising altcoins, so subscribe. It will be useful for you and your wallet. Trade wisely and earn! 💰
Dominance $BTC 56.33% has been slowly declining for the second day. BTC reached $102,550 and has pulled back. If the strength of buyers does not fade, we may go higher once again. Important: $BTC has formed an ascending triangle with a breakout target of $103,600 for clearing the limit orders of short sellers, after which a correction to $99,950 may occur. The second option: a decline has already begun, and BTC will liquidate long positions. The target is mentioned above.
As for $ETH , the target remains the same: a breakout at $4,000 with a rise to $4,130, after which we will enter a correction. On the other hand, there are huge liquidations of long positions accumulated at $3,900. The probability of scenarios is 80/20 percent. Again, I don’t have a crystal ball, and I don’t read cards. Only technical analysis, volumes, indicators, and experience. Trade wisely and earn! Subscribe, there will be much more interesting content ahead.
$ETH seems ready to surpass the $4000 mark again, with the nearest target being to liquidate the short sellers' stops at $4127. Large corporations and investment funds continue to actively buy $ETH , creating a positive scenario. In the past couple of days, BlackRock and Fidelity invested about $500 million in Ethereum. Ether at $5000 no longer seems unrealistic. Of course, this will not happen tomorrow. For now, the scenario looks just like this, but remember: the market can change at any moment. Trading is always a game of uncertainty, so weigh your chances and manage your risks.
$BTC has exceeded the mark of $100,000 on increased volumes. Several scenarios for development: 1️⃣ A pullback to $98,000, which will cause panic and fear among the public, forcing them to close longs before the rise. This is quite in the spirit of Bitcoin. 2️⃣ A rise to $103,660 for a massive liquidation of shorters — a very plausible scenario. 3️⃣ A flat (that is, prolonged trading in a sideways range). In this case, altcoins can rise significantly. Remember that everyone is expecting a rate decrease, which means that smart players are already preparing. When the rate is lowered, it is likely that whales will start to 'shave' the hamsters. ⚠️ Don't forget about stops and periodically take profits. Forecasts for altcoins have come true. Those who bought during altcoin dips, congratulations — you have made good profits. Trade wisely and earn! 💰🚀
So, a brief analysis of the cryptocurrency market: The total market capitalization is $3 trillion 430 million, the dominance of $BTC is 56.79% and continues to decline. What does this mean? It's simple: altcoins are recouping their losses. This means that they can go up, liquidating shorts. The stops of shorts are hiding behind the nearest resistance level - this is the first target. Density breakouts are expected. News from the US will be released soon, which will likely increase market volatility. After that, it will become clear where $BTC will go: If it consolidates above $98,000, it can reach $100,000. If not, it can liquidate the stops of participants at $96,400. Or we will have a sideways trend until the next big news. For now, we are waiting for the news. Trade wisely and earn! 💰
Current market situation: Yesterday's drop in Bitcoin and altcoins occurred due to profit-taking, as well as a dominance of $BTC , which reached nearly 58%. $ETH reached $4000, which became a trigger for profit-taking. What awaits the market: News from the USA: the market is awaiting labor statistics (can be checked in the economic calendar). The FOMC meeting is scheduled for December 18, where a possible rate cut will be discussed. Current scenarios: $BTC could rise to $101K if the positive sentiment is maintained. Or, conversely, it could retrace to $95K, then to $90K, and even $88K, shaking out long positions from the market. After that, a bullish reversal is possible. Since I was catching falling altcoins on the spot yesterday, which I consider promising, I bought more as they fell. My action plan: I moved positions to break-even without closing orders. I placed a market stop before the nearest support zone of the current price, with good density. If the market goes lower — I will start picking up. If it goes up — I will raise the stops. Conclusion: The market is currently uncertain. Everyone is waiting for news. Trade wisely and profit.
Today, the incredible dominance of $BTC has reached 57.84%. It falls and then soars again. At the same time, there is a massive sale of altcoins: everything is plummeting. Some altcoins have already lost 20-40%. The market is moving at an enormous speed, and there is hardly any time for analysis. Goals? It's hard to talk about them now — everything is in a deep plunge. All money is flowing into $BTC . $ETH , having reached $4000, triggered a chain reaction of profit-taking. A sell-off has begun.
Bitcoin could very well calmly reach $101,000. However, after that, an even greater plunge than now is possible. As always, some will wake up even richer, while others will lose everything. So think for yourself and make decisions consciously. Trade wisely and profit!
$TRX disappoints: I, breaking my own rule, bought on the spot in anticipation of a good rocket. So, the possible scenarios:
1. The first significant liquidation of short sellers is expected in the zone of $0.35–$0.36, and then higher, around $0.40. If the bulls show strength, a rise to these levels looks likely. After reaching $0.35, a short pullback is possible, but the scenario of continuing movement to $0.40 seems to me the most attractive.
2. With further decline, the price may reach the level of $0.30, where long positions will be liquidated.
I like the optimistic scenario of movement$TRX to $0.35, and then to $0.40. And then we'll see.
The Altcoin Season Index currently shows 83/100, indicating the beginning of altcoin season. 🚀 But are we really seeing the standard scenario where investors take profits at $BTC and redistribute funds into altcoins? It seems that this is not entirely the case. Large institutional players continue to accumulate during dips, supporting $BTC . Regarding the current market situation: 🔹 Above the current price, $BTC has formed a significant cluster of short sellers. The level of 101000 is the nearest target. However, 103600 looks like a potential liquidation point for huge volumes. The chances of moving higher are 50/50. 🔹 After that, expect an impulse move back to $95,000. In such situations, it is essential to be extremely cautious: the market is currently prone to sharp, impulsive movements. Trade wisely and earn! #btcusdt
On the daily chart $BTC , we observe an interesting dynamics:
🔹 A recent false breakout of the $100,000 level – this movement liquidated short positions, after which the price rose to $104,000. 🔹 Then there was a sharp correction to $95,000 amidst, let's say, "false" news, which liquidated long positions, dropping the price to $90,500. 🔹 Now Bitcoin is returning to the key level of $100,000, slowly approaching it, possibly to break through this time with further growth to $105,000.
My view: the current situation is preparing us for a real breakout of $100,000. When this might happen, no one knows. #2024WithBinance #BTC☀️
Increased market volatility is expected!!! In an hour and a half, we will receive important news from the USA: average salary, length of the workweek, unemployment rate, and changes in the number of employed in non-agricultural sectors.
Perhaps someone is already hovering over the 'buy' or 'sell' button, but remember — sometimes the best trade is the one you didn't make. Be careful, the market loves to surprise! $BTC $ETH $SOL
$TIA shows excellent volume growth, I expect a breakout at 9 USDT and a move towards a new high. Liquidations of short sellers are expected above 9.20. The amounts of liquidations are huge. Not financial advice.
$BTC Today the market reminded us how quickly it can turn the game around. In just three minutes#Bitcoinfell from 98,000 USDT to 90,500 USDT - that's a shock. It's on such declines that you need to find entry points and buy. That's how people become whales.