As the end of September approaches, traders are preparing for $8 billion worth of Bitcoin options contracts to expire over the weekend Bitcoin prices typically experience significant fluctuations during large liquidity expirations in the options market Meanwhile, analysis data shows that the Bitcoin open interest market has risen to more than $19 billion. According to historical data, Bitcoin prices fall every time the open interest market rises above $18 billion #InterestRateDecision #BTCReboundsAfterFOMC #BinanceSquareFamily
#Dominance is moving in an ascending channel, and Iexpect a rebound, which will put pressure on altcoins and lead to a drop to corrective levels.
💥 After this drop, Dominance is likely to break the ascending channel and correct strongly, which will make way for altcoins to explode and rise significantly.
📊 This period may be the last chance to prepare for the upcoming market movements, as a strong recovery in altcoins is expected after the correction
A reversal pattern is formed that will be activated by breaking 0.0075 levels and targets the bottom of the channel at 0.005 levels, which will be excellent entry levels.
The other positive scenario is activated by a breach of the descending channel and stability above 0.0095. In that case, we will enter with an upward wave.