BTC LOOKING BEARISH #Alts. A bearish trend is emerging in Bitcoin ahead of the CPI data release on the 11th, while USDT dominance is rising. The market has immediately turned negative for altcoins; some (like BNB) are establishing new support levels, whereas smaller altcoins have dropped to their lowest support zones.
If the CPI data comes in positive and BTC continues to form higher lows, there may still be an opportunity.
For the first time in a long while, altcoins are capturing a significant share of Total Open Interest compared to BTC.
This indicates that market leverage and speculation are currently flowing heavily into the altcoin sector.⚡ Major price movements 🔥 Higher volatility 💰 Potential for explosive altcoin rallies 🩸 However, the risk of brutal liquidations is also very high. 👉 The market is gradually becoming altcoin-driven. And when leverage shifts to altcoins, the subsequent move can be extremely aggressive.
👉we cannot immediately turn bullish based solely on this leverage-driven altcoin indicator...if BTC crosses $83K—ideally before or after the CPI data release on Friday—then we could truly witness a significant pump in altcoins.
The US Stock Market just added $1 Trillion today, with the S&P 500 hitting a historic 7,600! 📈
Historically, huge rallies in traditional markets spill liquidity right into crypto. Do you think this green wave will push Bitcoin to a new All-Time High?
There is once again a possibility of a 'Head and Shoulders' pattern forming on the 1-day timeframe.
If this happens, we could first see Bitcoin drop to around $62k; then, based on technical analysis, it would likely bounce up to the $67k resistance level. If it breaks through that resistance decisively, we could see a move toward higher levels, as shown in the diagram.
Those currently holding LONG positions should manage their trades carefully; the 'Right Shoulder' needs to form before any potential pump, which means BTC is likely to dip slightly.
The crypto market is highly volatile right now, but key assets like $BTC and $ETH are holding crucial support levels. If we clear the immediate resistance, a massive breakout could be just around the corner! 📈
Meanwhile, smaller cap gems like $ARIA are showing strong accumulation patterns. This could be the perfect accumulation zone before the next leg up! 💎
🧐 What’s your strategy right now? 1️⃣ Buying the dip heavily? 🛍️
2️⃣ Holding and watching? 👀
3️⃣ Shorting the market? 📉
Drop your targets in the comments below! Let’s discuss 👇
👉Short-Term Holders (STH) = Investors who have held BTC for an average of less than 155 days.
👉Realized Profit = The profit actually "locked in" when someone sells or transfers BTC at a current price higher than the original purchase price.
👉Entity-Adjusted = Transfers between wallets belonging to the same individual or entity are excluded to ensure only genuine market transactions are captured.
👉Two forces are simultaneously anchoring the current rally: Buyers who purchased at the cycle top are reducing their losses.
👉Buyers who purchased at the local low are locking in their gains. Both groups are selling amidst the same price recovery.