#Bitcoin dominance (BTC.D) is currently approximately 59.7%, having reclaimed the significant 59.5% level. While BTC.D briefly exceeded 60%, it faced resistance at 60.7%, establishing that as a crucial resistance zone. At this moment, $BTC maintains its dominance in market capitalization as long as BTC.D remains above 59.5%. KEY LEVELS TO MONITOR: 59.5% – Primary pivot level 58.8% – Significant support and potential catalyst for capital rotation into altcoins 60.0–60.7% – Robust resistance zone For a genuine altseason to occur, $BTC dominance would need to fall below these support levels while the overall cryptocurrency market continues to grow. Until that happens, the market is primarily driven by #Bitcoin .
Chart Analysis: The price of #LTC is currently consolidating above the $50 threshold. Should the price maintain this level during a correction, the uptrend is likely to persist.
Entry: Consider initiating a long position around the $50 level.
Main Target: There is liquidity available at the previous high of $55.5.
Chart Analysis: In its upward trend, the #AVAX price has established an imbalance zone. If the price maintains this zone during a correction, the uptrend is likely to continue with increased momentum.
Entry: A long position may be initiated near the imbalance zone at the $7 level.
Main Target: Liquidity is available at the previous high of $8.3.
Conclusion: With utmost respect, enjoy your trading experience.
Chart Analysis: The price of #NEAR is currently trading above the critical level of $1.750. Should the price maintain this level during a correction, it could signal the beginning of a new uptrend.
Entry: A long position may be initiated around the $1.750 level.
Main Target: The primary target for liquidity is identified at the current high of $2.150.
#LINK has hit the target price as predicted a few weeks ago. For $LINK to maintain its upward momentum, it must close above $12; otherwise, it may retrace to test the $10 level again.
Chart Analysis: In its upward trend, the #ETC price established an imbalance zone. Should the price remain above this zone, the uptrend is likely to persist.
Entry: A long position may be initiated near the imbalance zone at $7.80.
Main Target: There is liquidity at the previous high of $9.10.
Chart Analysis: During the recent rally, the price of #ADA surpassed the $0.21 level. If this level is maintained during a correction, the rally is likely to continue.
Entry: A long position may be initiated around the $0.21 level.
Main Target: There is liquidity at the previous high of $0.26.
Chart Analysis: The price of #XLM is currently above the significant level of $0.18. Should the price maintain this level during a correction, the uptrend is expected to continue with increased momentum.
Entry: A long position may be initiated around the $0.18 level.
Main Target: The objective is to surpass the $0.20 resistance level.
Chart Analysis: Throughout its uptrend, the #SUI price has established an imbalance zone. Should the price maintain this zone during a correction, the uptrend is likely to persist.
Entry: A long position may be initiated within the imbalance zone, specifically between $0.7500 and $0.7680.
Main Target: Aim to surpass the resistance level at $0.8000.
Chart Analysis: In its recent rally, the price of #DOT surpassed the significant $0.80 level. Should the price sustain above this level during any corrections, the uptrend is likely to persist.
Entry: A long position may be initiated around the $0.80 level.
Main Target: There is increased liquidity above the $0.90 level.
There has been a notable shift from bearish to fully bullish sentiment among all participants within a 48-hour timeframe.
It is essential to remain cautious before making substantial investments. The developments over the next 60 days will be critical.
$BTC has experienced an approximate increase of 11%, marking this August as one of the strongest on record, particularly given that August is usually characterized by bearish trends.
Historically, a positive August has not been followed by a positive September.
$BTC is maintaining its position above the June highs. The next focus should be on retesting these June highs. It is advisable to wait for additional structural developments.
#Ethereum has a likelihood of retesting around $2,200, which could lead to further movement. However, #Bitcoin 's performance will primarily influence #Ethereum 's trajectory, unless there is a significant shift in the $ETH / $BTC ratio.