##MyFirstFeedPost Hello, Binance Square!
🪙 #BTC
Despite the holiday, the new week started with movement and some selling pressure. BTC broke below the lower boundary of the triangle, as previously mentioned, canceling the short-term growth scenario and delaying the medium-term outlook.
❗️ It is crucial now to monitor whether the price will establish below the breached support zone, around 43.4K. If it does, we can expect further decline, at least towards 42K. However, the price is currently being held back from further decrease by the 4-hour Ichimoku Cloud and the 50-100 Moving Averages, situated around ~42.8K.
📉Bitcoin dominance is also declining along with the price, so altcoins seem indifferent to the local movements on the Bitcoin chart.
⭐️ Additionally, it's worth noting that there are no significant market events scheduled for this week. Most participants are either preparing for holidays or celebrating, meaning few significant announcements are expected. I do not anticipate heightened volatility; there might be some local movements, but within reasonable bounds.
Bitcoin dominance: 52.11%;
Fear and Greed Index: 73 (Greed);
Altseason Index: 63;
Market capitalization: $1.62 trillion.
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