Crypto Lover
@moriiimur
Bitcoin DominanceâDaily Chart Analysis Timeframe: Daily Weâve bounced back from the drop of the past fewâhours and climbed. We also are trading above the 61.18 resistance, but nothing strong ofâa continuation. It is now entering a period of consolidation between 60.14âand 62.23 with limited range. â Why is thisâan emasculating sign of weakness? Because, even thought its reclaimed the drop, there has been no strong bullish move and in factâhad to consolidate. đ Key Level to Watch: If the market stillâhas a bullish sentiment, a drop below 60.14 could provide a good long opportunity on Altcoins. â ď¸ Reminder: This is just my opinion. â And manage that risk toâprotect your capital! Thanks for reading! Let me know your thoughts. đ
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ZexođđŠ¸
@zexo
Great analysis my friend! Do you think resistance will break or a correction is more likely?
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Crypto Lover
@moriiimur
thank you for sharing your Personally speaking, I feel there is more of a chance that we seeâa drop rather than a push to the upside. But we would have to invalidate this view with a daily close aboveâthe 62% dominance level.
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