Is Bitcoin headed for further downside from here plunging ALTS while it's Dominance Rallies High, or will it find support on the aquamarines key-levels to continue higher?
The price label of 49K, it's a strong Support Trendline [Dark Green Trendline] coming from as far below of 20k Levels, and has been acting as Critical Support on the Bitcoin's Rally so far having a peak at 65K.
Watch out in case that Green Bolded Trendline breaks and Fails to provide support, in that case scenario the downside is about to get worsen.
It's worth mentioning what we have mentioned for Months on previous Released Ideas, that the Markets overall are SUPER-HEATED, and the reason why Bitcoin is going down now is due to DXY rallying HIGH after Plunging for a Year now, while Dow Jones, Nasdaq, Stocks and Precious Metals bleed when the Dollar Index continues to rally for its history.
Middle-East is also in critical conditions with what's going on in Palestine, Covid still not on total control especially in India where 50% of Vaccines are created.
Trade without your emotions and consider taking profits to re-gain position and own more by buying at lower areas as investment opportunities.
TRADE SAFE !
-Note that this is not Financial Advice!
Before partaking on any trading activities based upon this idea, you should do your own research with your own diligence.