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$BTC has been pumping straight up since the past 7-8 days. Remember whenever something goes straight up it will go down as well.
Dome technicals that are indicating the upcoming dump.
1. $USDT Dominance: USDT dominance chart is following its chart for the past 6 years and now it is in the support region. The pump in USDT dominance from here means there will be a dump in $BTC and this dump will eventually affect the ALTs as well.
2. CME Gap: Bitcoin has created a CME gap in the $80k region. For almost 95% of the time, $BTC has filled its CME gap.
3. Bullish Scenarios: Whenever everyone is bullish on the media about crypto, there is always a dump next to it. The market makers do it intentionally by creating fomo where everyone is bullish. They eventually bullish the retailers minds and then sell their own assets to get money from common men.
4. BTC dominance: BTC dominance broke out its resistance 3 weeks ago and now it's again at it's support region. With a little dump it can pump hard affecting more the ALTs.
A dump of 5-10% in BTC can cause ALTs to dump about 20-30%. It means all of your profit that you are receiving now will disappear in no time and you will be having a red portfolio in return.
Do not be fooled like everyone was in back March-April.
