Today's analysis: Has the correction season ended, and has the next upward signal begun? ๐
Bitcoin (BTC) is trading at 67,800$ after a strong rebound from $65,500. This rebound isn't random; there are 3 important signals you should focus on:
1- Stablecoin liquidity is rising:
The supply of USDT and USDC increased by more than $3 billion over two weeks. This new liquidity always enters the market before any major rally. This is called CAPITAL inflow.
2- Bitcoin dominance (BTC.D):
Dominance reached 58.5% and has started to decline. Historically, a drop in dominance from these levels marks the beginning of an ALTCOIN explosion. Watch coins like SOL, AVAX, LINK.
3- Strong demand zone:
The 66,000$ level has become solid support. Every dip to it is bought up quickly, indicating that whales are accumulating. A break above 68,500$ on a daily close would open the way directly to 71,000$ .
Trading plan for next week:
- Don't give in to FOMO now.
- The best strategy is to buy in stages at the 66.5k and 65.5k support levels.
- First target: 70k; second target: 72k.
- Stop-loss: a break below $64,800.
Remember: The market rewards the patient, not the impatient. Use strict capital management and don't risk more than 2% on a single trade.
Which coin do you expect to outperform Bitcoin this month?
#WriteToEarn
#BTC
#Binance
#Altseason
Bitcoin (BTC) is trading at 67,800$ after a strong rebound from $65,500. This rebound isn't random; there are 3 important signals you should focus on:
1- Stablecoin liquidity is rising:
The supply of USDT and USDC increased by more than $3 billion over two weeks. This new liquidity always enters the market before any major rally. This is called CAPITAL inflow.
2- Bitcoin dominance (BTC.D):
Dominance reached 58.5% and has started to decline. Historically, a drop in dominance from these levels marks the beginning of an ALTCOIN explosion. Watch coins like SOL, AVAX, LINK.
3- Strong demand zone:
The 66,000$ level has become solid support. Every dip to it is bought up quickly, indicating that whales are accumulating. A break above 68,500$ on a daily close would open the way directly to 71,000$ .
Trading plan for next week:
- Don't give in to FOMO now.
- The best strategy is to buy in stages at the 66.5k and 65.5k support levels.
- First target: 70k; second target: 72k.
- Stop-loss: a break below $64,800.
Remember: The market rewards the patient, not the impatient. Use strict capital management and don't risk more than 2% on a single trade.
Which coin do you expect to outperform Bitcoin this month?
#WriteToEarn
#BTC
#Binance
#Altseason