When most coins are decreasing in value, I have this perspective when analyzing BTC.D
- Btc.d has confirmed a long-term downtrend since November 25, 2024, and this phase, in my view, is just a rebound of the downtrend
- Short term: the rebound has gone up 2 phases, each phase lasting 3-5 days, currently the timing is sufficient
- Range: currently in the Fibo 0.5 zone and the 10-week moving average, so the range is basically adequate
Perspective: waiting for a small reaction in this zone, BTC.D could completely reverse. And when Btc.d reverses, it means that Btc will enter a correction phase, and the money flowing out of Btc will pull altcoins up quite strongly.
Plan: when Btc.d reacts, it may be a good time to buy large market cap coins on Binance: ADA, Sol, Near...
$BTC $SOL $ADA
