BTC/USDT (Good Sign of Strenght)

💎Technical Analysis Summary💎



BTC/USDT

-After the recent 50D MA support retest, BTC is up by 18% in 4 days of trading
-Yesterday candle manages to close above the 57k level which is a good sign
-I think if Bitcoin can sustain this daily candle, the chances to retest All-Time High increases
-But if we will have a minor pullback, the 55k zone would our potential local support
-To maintain its bullish uptrend structure in the daily chart
-As expected, many altcoins are already recovering from their recent dips
-Some are making new Higher Highs already which is a strong sign in the over-all market condition
-The BTC Dominance is at 60 levels, if this level breaks down, we will have a good altcoin season again
-But if the Dominance chart increases above 62 levels, we need to prepare for market pullbacks in altcoins
-If you have a good position and bought the dip last week, please book some profit or move your stop loss at BE
-Reducing your risk and protecting your profits is our main goal once the trade turns in your favor


⚠️Please always read the description⚠️

Thanks for donating 💰 via Tradingview coins TiborVrbovsky 🙏🎉


``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
``````````````````````````````````````````````