BTCUSDT 🧐 Sunday starts with bearish news and low volume, | Mr_Tycoon23 on Binance Square

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BTCUSDT 🧐
Sunday starts with bearish news and low volume, yet Bitcoin remains strong. 
- holding steady above $64k, 
- down only 0.2%.
The broader market dipped slightly, but overall, it’s holding up well. 
BIG MOVES NOT COMING 🔰
$BTC 

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

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*Altcoin Season Alert: Bitcoin’s Dominance Faces Breakdown as Altcoins Eye Explosive Rally* Bitcoin dominance shows a bearish rising wedge pattern, indicating a possible decline. Altcoins are breaking out of a falling wedge pattern, hinting at a massive rally ahead. Altcoin Season Index climbs to 45, raising speculation of an upcoming full altcoin season. The altcoin market is heating up, with a recent 5.7% surge in market cap signaling the start of a potential altcoin season. Ethereum and other major altcoins are primed for big gains as Bitcoin’s grip on the market weakens. Crypto analyst Ali Martinez has warned of a potential breakdown in Bitcoin dominance, with a rising wedge pattern indicating a bearish trend. Meanwhile, the altcoin market cap is breaking out of a falling wedge, hinting at a massive rally ahead. Could this be the moment altcoins steal the spotlight? Bitcoin Dominance To Faces Potential Breakdown According to a recent tweet by popular crypto analyst Ali Martinez, Bitcoin’s dominance in the crypto market may be on the verge of a breakdown. Martinez pointed out a rising wedge pattern forming in Bitcoin dominance, a bearish signal that often precedes a decline. This potential shift could have created opportunities for altcoins to gain more market share. Since the middle of September, Bitcoin has begun to experience a slight price increase, briefly surging past critical levels below $62,000. This price rise also affected its market dominance, but instead of solidifying its position, investors have started shifting their focus to altcoins.

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📌ANALYSIS ON BNBUSDT 📊👇🏻 BNBUSDT's trendline breakout analysis suggests a potential bearish move. The probability of this move is increasing, and here's what to watch out for: BNBUSDT has already taken liquidity and shown a Change of Character (CHoCH), signaling a shift toward a bearish market structure ¹ ² ³. Key Levels to Watch: - Support: $566, $563 - Resistance: $587, $590 Technical Analysis: The Relative Strength Index (RSI) indicates a neutral position at 50.49. Notably, Binance Coin has formed a lower high and is moving in a descending trendline, reinforcing the chart's bearish bias. Trade Ideas: Consider short-term sell trades, targeting $563 and $558. Long-term investors can consider buying on dips, targeting $600 and $620. Market Sentiment: - Bearish: 60% - Bullish: 40% However, some analysts suggest a potential reversal in the near future. BNB coin price shows a falling wedge pattern breakout as it bounces back from $200, indicating a decrease in selling pressure and a possible trend change. If BNB can sustain this momentum, it may soon breach $230, which is the next major resistance level and the 23.6% Fibonacci retracement level of the downward move from $350 to $200. $BNB

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*SOL/USDT ANALYSIS* Here's today's analysis update for SOL/USDT: Current Trend: Solana is overall bullish, having recently filled all fair value gaps and bounced back from major support. The 200 MA is a key level to watch, as breaking above it could signal a new all-time high in this bull rally. Price Prediction: Some analysts expect a drop to around $81 in the next few weeks, citing a triple top formation. However, others are more optimistic, predicting a huge profit potential once Solana breaks above the 200 MA. Technical Indicators: The Relative Strength Index (RSI) and 200-day moving average suggest a weak trend . However, the overall sentiment remains bullish. Trade Ideas: Consider doing dollar-cost averaging (DCA) on Solana for potential long-term gains. Keep an eye on the channel and 200 MA for breakout opportunities. Important Levels: - Support: Major support level recently bounced back from - Resistance: 200 MA, above which lies potential for new all-time highs Caution: Cryptocurrency markets are highly volatile. Always conduct thorough research and consider multiple sources before investing. $SOL

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CRYPTO TOTAL MARKET CAP Market capitalization (or market cap) is the total dollar value of all the shares of a company’s stock — or, in the case of Bitcoin or another cryptocurrency, of all the coins that have been mined. In crypto, market cap is calculated by multiplying the total number of coins that have been mined by the price of a single coin at any given time. The global cryptocurrency market cap is currently at $2.3 trillion, with a -1.53% change in the last 24 hours and a 110.28% change from one year ago ¹. Bitcoin's market cap stands at $1.25 trillion, accounting for 54.28% of the total market cap ¹. The total number of cryptocurrencies tracked is 14,674, across 1,198 exchanges ¹. Market Breakdown: - Bitcoin Dominance: 54.28% ¹ - Stablecoins' Market Cap: $173 billion, representing 7.54% of the total market cap ¹ - Total Coins Tracked: 14,674 ¹ - Total Exchanges Tracked: 1,198 ¹ Trend Analysis: The market has seen a significant increase over the past year, with Bitcoin's market cap growing by 139.2% ². However, the market remains volatile, with daily fluctuations. Investor Insights: Market capitalization is a key metric for investors, helping to gauge the stability and growth potential of cryptocurrencies ³. Cryptocurrencies are classified into three categories based on market cap: - Large-cap cryptocurrencies (e.g., Bitcoin, Ethereum) - Mid-cap cryptocurrencies (market cap between $1 billion and $10 billion) - Small-cap cryptocurrencies (market cap less than $1 billion) ³ Keep in mind that market trends, stability, and individual financial situations should be considered when making investment decisions. $BTC #BTCReboundsAfterFOMC

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