๐ BTC is gliding within an ascending channel on the 4H chart โ the midline continues to act as a crucial support/resistance level.
๐ A breakout above that midline could trigger bullish continuation, while a rejection may lead to a short-term pullback.
๐ Meanwhile, BTC Dominance (BTC.D) has broken down from a rising wedge and cleanly retested the structure โ signs are leaning toward a potential decline in dominance.
โ๏ธ What this means for altcoins:
BTC bullish + falling dominance = Alts could see strong upside ๐ฅ
BTC bearish + falling dominance = Alts may remain flat or see mild dips
๐ฏ This setup offers solid confluence across multiple signals โ the kind smart traders prep around.
๐ Watching alt setups? Share them in the comments!
๐ A breakout above that midline could trigger bullish continuation, while a rejection may lead to a short-term pullback.
๐ Meanwhile, BTC Dominance (BTC.D) has broken down from a rising wedge and cleanly retested the structure โ signs are leaning toward a potential decline in dominance.
โ๏ธ What this means for altcoins:
BTC bullish + falling dominance = Alts could see strong upside ๐ฅ
BTC bearish + falling dominance = Alts may remain flat or see mild dips
๐ฏ This setup offers solid confluence across multiple signals โ the kind smart traders prep around.
๐ Watching alt setups? Share them in the comments!
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I share more in my court
Join me on X: x.com/Coin_Mastermind
Join me on Telegram: t.me/coin_mastermind
Join me on X: x.com/Coin_Mastermind
Join me on Telegram: t.me/coin_mastermind
Declinazione di responsabilitร
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.