đ€Your assessment of the BNB/BTC market based on technical analysis looks quite detailed and logical. You have emphasized that buying pressure is increasing and that a trend reversal can occur after touching strong support. However, you also emphasized that although the price of BNB/USDT has increased, the buying pressure is still not strong, especially when compared to the decline in USDT.
đ„žThis represents the movement of cash flow from altcoins to Bitcoin, a phenomenon often seen when the market corrects. Bitcoin's sharp rise and fall after hitting ATH can be explained by the cash flow adjusting and looking for a buying point. This also creates opportunities for altcoins, especially after Bitcoin's Halving when the market can accumulate and create opportunities for altcoins to increase in price more strongly.
đYour comments show that you have a clear understanding of the fundamentals and market factors that are affecting the price of this currency pair. This will help you in making future trading and investment decisions. https://www.tradingview.com/x/TFz1AIOf