Dear Friends, over the last few days, bitcoin dominance has reacted with a sharp rise of 6% and is now around 57%. Because of this jump, the bulk of the alts reacted with a pretty decent correction or stopping in one place.
Before I begin...👉🔥I'll likely make my content private soon, so make sure to follow me here , so u won't miss this and my future content.
💥The point is that there were too many altcoin long positions accumulated at the moment, which were strongly asking to be taken out. Since it is simply not favorable for the market to head in the direction everyone expects it to go.
🔥Bitcoin is now in the opposite situation, the bulk of the market is waiting for a correction rather than growth.
Many people have already felt the prospect of growth of alts and thought that they are “on a train that will not go backwards” - it turned out not so.
👀As always, the market is throwing off local passengers, who fly in at random values and wait for an instant profit. It is not for nothing that I always tell you to be ready for good local pullbacks! Here is a good example of that.
🚀⭐On domination, I expect the following: from the highlighted level, I expect to see a continuation of correction and a further move below 54%. Simultaneously, strong bounces on the alts
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