Market Cap BTC Dominance, %Updated $BTC.D bearish but the result is disapointing for alts.
📉 BTC.D Turning Bearish
BTC.D is overbought and starting to turn bearish. Influencers are hyping up an alt season, but don’t fall for the FOMO.
⚠️ Reality Check
✅BTC.D dropped 2%, but altcoins barely moved.
✅ A small pump happened, but retail investors are not buying in.
✅ Many alt holders are selling to avoid further losses.
💰 Where's the Money Going?
🔻BTC dominance is decreasing, but funds are flowing into 
USDT and stocks, not altcoins.
📊 Technical Outlook
🟢 MACD & RSI indicate some potential in strong altcoins.
🚨 A flash crash inBTC could wipe out altcoin gains.
🔴 Major resistance at 60% may trigger a bounce, keeping alts suppressed.
📈 If the descending channel breaks upward,BTC.D could hit 64%, leading to a 20%+ crash in altcoins.
🛑 Trading Strategy Recommendation
✔️ Day trade: Buy support, sell resistance, target 5-10% gains 📈
✔️ Avoid leverage: Too risky in this market ⚖️
✔️ Monitor MACD, RSI, and economic news for signals 📰
❌ Holding is NOT recommended in these choppy conditions. Be cautious, take profits, and stay ahead of the game. 🚀
BTC.D Turning BearishBTC.D is overbought and starting to turn bearish. Influencers are hyping up an alt season, but don’t fall for the FOMO.⚠️ Reality Check
✅
BTC.D dropped 2%, but altcoins barely moved.✅ A small pump happened, but retail investors are not buying in.
✅ Many alt holders are selling to avoid further losses.
💰 Where's the Money Going?
🔻
BTC dominance is decreasing, but funds are flowing into USDT and stocks, not altcoins.📊 Technical Outlook
🟢 MACD & RSI indicate some potential in strong altcoins.
🚨 A flash crash in
BTC could wipe out altcoin gains.🔴 Major resistance at 60% may trigger a bounce, keeping alts suppressed.
📈 If the descending channel breaks upward,
BTC.D could hit 64%, leading to a 20%+ crash in altcoins.🛑 Trading Strategy Recommendation
✔️ Day trade: Buy support, sell resistance, target 5-10% gains 📈
✔️ Avoid leverage: Too risky in this market ⚖️
✔️ Monitor MACD, RSI, and economic news for signals 📰
❌ Holding is NOT recommended in these choppy conditions. Be cautious, take profits, and stay ahead of the game. 🚀
Trade closed: target reached
The price action confirmed, BTC.D broke the structure to the upside. No altseason yet.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.