đš $BTC â THIS RALLY MAY BE ENTERING A WEEKLY-SCALE CORRECTION
Bitcoin could be approaching a deeper correction, and another wave of overconfident traders may get caught offside. đ
The bigger risk is for those who loaded up on a basket of altcoins during the rally. If the market turns, holding everything without a clear profit-taking plan can become a serious problem. â ïž
Bitcoin can be hedged in some setups, but altcoins are a different story. When BTC dominance is falling, some alts can continue showing strength even while the broader market weakens.
That creates a difficult market to navigate.
Iâm putting this view out there now.
Time will tell. âł
#BTC #Bitcoin #Crypto #Altcoins #BTCDominance
Bitcoin could be approaching a deeper correction, and another wave of overconfident traders may get caught offside. đ
The bigger risk is for those who loaded up on a basket of altcoins during the rally. If the market turns, holding everything without a clear profit-taking plan can become a serious problem. â ïž
Bitcoin can be hedged in some setups, but altcoins are a different story. When BTC dominance is falling, some alts can continue showing strength even while the broader market weakens.
That creates a difficult market to navigate.
Iâm putting this view out there now.
Time will tell. âł
#BTC #Bitcoin #Crypto #Altcoins #BTCDominance