BTC dominance have just hit the multi- yearresistance. In 2017 and 2021, BTC dominance got rejected from that trendline, which ignited the mega altseason. There could be a fakeout like 2021, when BTC dominance broke this line, but eventually it closed the monthly candle below that. Once BTC dominance gets rejected from this, alts will start to outperform BTC, and the altseason will start. This is a monthly candle, so it could take 4-6 weeks or more to play out the above scenario. #BTC $BTC #Altcoinseason2024
ETFs saw a couple days of outflows into today -- but now that CPI has come in softer than expected, I would not be surprised to see confidence return to the markets.
How many times in your life have you had the opportunity to make life-changing money? opportunities don't come often or will never come again. Don't miss the train. By the time you regret it, the passengers will already be at the destination. #BTC #LUNC✅
$BTC (BTC)'s 3d price is currently holding above a VITAL level at $67,559 and being above implies the current technical target to be $116,652 with major bull indication(s) confirmed.
With this target being in play, Bitcoin can be subject to another +66.33% increase towards the meeting of this current target and the only construct in between may be time.
To add to this bullish structure, BTC has recently confirmed another Hidden Bullish Divergence and one that confirmed prior to this resulted in a nearly +200% climb afterwards.
This market can be subtly getting ready to display a level of strength never seen before and the "stars" could be aligning for it to do so ))
$Bitcoin fluctuated a lot due to anxiety about tomorrow's CPI and FOMC announcements, and altcoins also fluctuated accordingly. LUNC was no exception. As long as Bitcoin’s dominance does not fall and remains above 55% Altcoins have no choice but to follow Bitcoin’s direction. Therefore, in this situation, investors only need to look at the Bitcoin chart. anyway...... Fortunately, Bitcoin, which had been shaking all day, is attempting to rebound within the channel and appears to be stabilizing. In order to break this channel and rise, a positive future outlook for CPI and a freeze on interest rates are essential. LUNC also showed significant fluctuations in response to Bitcoin today, and like Bitcoin, it appears to be maintaining the short-term channel without breaking. One peculiarity is that LUNC has created a short-term bullish divergence, and for this to be applied, the role of Bitcoin is important. Tomorrow is a very important day when CPI and FOMC are announced simultaneously, and tremendous volatility is expected. I hope the crypto market endures well. $BTC $LUNC