🚨 Market Update - 👀
Overnight Bitcoin made a new ATH- reaching above $106k. This has seen an upside breakout of the rising wedge on the daily time frame. From here I think we can expect a retest of the breakout at $103k - $101.5k. The last few Mondays MicroStrategy announced new $BTC buys, which had contributed to the weekend's strong performances, and therefore saw a pullback after the news.
The same pattern again today could see the retest mentioned above. BTC dominance is still continuing to rise, which is stopping most altcoins from breaking out for now.