Analysis #BTC 27.01 📊
The new week opened quite unexpectedly — BTC fell below 100K, which may not be the best signal for further market movement.
❗️We still have support around 99K, where MA50-100 on the 12-hour chart is located, as well as around 97-96K, where the Ichimoku Cloud and the previously broken upper boundary of the descending wedge are situated.
Another unpleasant moment is that BTC's dominance has started to rise locally as the price falls — altcoins, accordingly, have dropped even more.
⚠️This is how Trump's inauguration ends: expectations favoring continued growth, but in reality, we see a decline across the market. First, everyone was pushed into longs, now they are being liquidated. We observe.