I'll keep it short. BTC did manage to break the 42K mark and is trading around the 45k level just like we explained in our last idea. A weekly close above the 46K level would trigger a nice rally towards 52k.' BTC just needs to hold this level by the weekly close. Simply put, a close above the 46K level would be good.
BTC Short time Frame:-
Though BTC is looking good after this breakout. The altcoin dominance is showing signs of bullishness in the short-term chart. Better to book profits on your leveraged trades. Let me know what you think in the comment section.
Thank you
#PEACE
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Am sorry for the typo, It's USDT Dominance which looks bullish in the short term, not Altcoin Dominance... Here's the chart.
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#BTCUSDT:- BTC needs to get above that red resistance cluster. So in HTF, we are at the resistance, so trade carefully. Trading on weekends is mostly tricky.
Stay tuned
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#BTC:- Not out of the woods yet...
Note
Friendly remainder:- USDT Dominance breaking out. Place your Stop Loss. I repeat, place your Stop Loss.
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