**Death Cross $BTC Rejection: What's Next for BTC?**
Bitcoin tested the Death Cross again today on the daily chart, but low trading volume caused it to be rejected. What does this mean for the market?
**What Is a Death Cross?**
A Death Cross happens when the 50-day moving average (50MA) crosses below the 200-day moving average (200MA). This is a bearish sign that often suggests prices will go down further.
Today, Bitcoin traded between 67,900 and 60,600. We expect BTC to stay in this range for a few days. If it hits a low point around 50,500, a rally might follow. During this time, altcoins (other cryptocurrencies) might not drop much, and when recovery starts, their gains could be 4 to 6 times stronger than Bitcoin's.
**Bitcoin Dominance Drops, Alts Surge!**
Today, Bitcoin went up by 1.7%, while altcoins rose by 5-10%. This pattern might happen more often. The market is very unpredictable, so manage your trades carefully. We will soon give a major update on the next move.
**Precautions:**
1. Use tight stop-losses to manage your trades.
2. Avoid using high leverage in these volatile conditions.
3. Focus on risk management.
**Altcoin Season Alert!**
If this post gets 60+ likes, we'll share a major update on the upcoming altcoin season!