CURRENT MARKET COMMENT
Friends, there is a serious blood loss in the #Bitcoin dominance. This gives life to #altcoins. Even if BTC falls, altcoins are not affected much by this situation. This data is very good for those who hold altcoins and those who have altcoins.
On the 4-Hour bitcoin chart, if the 50900s are retested and returned, the “Reverse Shoulder Head Shoulder” pattern forms. This allows us to retest the $53k level. (I shared it in the image.)
I don’t think the market has much life left for major correction. Maybe the last 1 month, maybe a little more. Because the money is currently flowing from bitcoin to altcoins. This development usually takes place just before the market experiences a major correction. I keep my spots and long transactions right now. When I close my swing trades and sell my spots, I will pass information here.
