$BTC
We had another great day in the market and #BTC continues to move towards our target at $98K. At this moment, the price is trying to gain some strength above the red range on the chart, we have not yet left it, but as soon as we do... we will go to $98K very quickly.
This recovery that I am currently calling "pre-cut" is something that was already expected, however, the main focus is still on what happens at $98K, do not forget that.
Although the RSI (4h) is a little hot, I don't think this will be a problem for us to continue rising; it wouldn't be strange if we stayed above 70 for some time.
Overall, the Bitcoin chart is still very good!
Bitcoin has stolen everyone's attention here, it's true, but if we look at the ETH/BTC chart, that chart looks insane and ready to push Altcoins up, I will update it tomorrow.
I had mentioned the dominance of USDT before it made the move down and it has dropped -10%, heading towards the level of 4.70% that I mentioned earlier, but at this moment it is trying to break a reasonable support to continue falling there... the newly opened CANDLE (daily) is definitely of extreme importance; if we close below 5.63%, it will be a good sign that we are ready for another strong rise in the market. You want to be attentive there!
Remember: If you are trading with leverage, make sure you are in a good position on the chart, as we move towards the Interest Rate Cut event, things will get quite unstable!
We had another great day in the market and #BTC continues to move towards our target at $98K. At this moment, the price is trying to gain some strength above the red range on the chart, we have not yet left it, but as soon as we do... we will go to $98K very quickly.
This recovery that I am currently calling "pre-cut" is something that was already expected, however, the main focus is still on what happens at $98K, do not forget that.
Although the RSI (4h) is a little hot, I don't think this will be a problem for us to continue rising; it wouldn't be strange if we stayed above 70 for some time.
Overall, the Bitcoin chart is still very good!
Bitcoin has stolen everyone's attention here, it's true, but if we look at the ETH/BTC chart, that chart looks insane and ready to push Altcoins up, I will update it tomorrow.
I had mentioned the dominance of USDT before it made the move down and it has dropped -10%, heading towards the level of 4.70% that I mentioned earlier, but at this moment it is trying to break a reasonable support to continue falling there... the newly opened CANDLE (daily) is definitely of extreme importance; if we close below 5.63%, it will be a good sign that we are ready for another strong rise in the market. You want to be attentive there!
Remember: If you are trading with leverage, make sure you are in a good position on the chart, as we move towards the Interest Rate Cut event, things will get quite unstable!