andy5ive
1K posts







$BTC Tried breaking back into its local range but failed to do so. The local trend has shifted and we'll have to wait and see where this bottoms out after some time. Bulls would want to retake $106K to turn this around locally and be back in control on this timeframe. Bears would want to push this below $101K to make new local lows and potentially get a move to ~$98K going next. I do think a correction is healthy but I'm going to led the charts and market structure lead my bias.


$TOTAL Market cap tested the range high for the 5th time but still rejected. Like I said, I'd just wait for a break to either direction and then consider hopping onto the momentum that follows. Most traders are getting chopped up in this range and you'd be better off just waiting this one out until the chop stops.



$TOTAL Crypto Market Cap has made its higher low after the 2024 range retest. Looks good for continuation but it will be key to hold on to that green zone from here on out. If this is bullish, the market has no reason going back down there after it endured all this volatility and uncertainty. Otherwise it would just be a sign of weakness.


#BTC Bitcoin has recovered from its Downside Deviation and returned to its Range But Bitcoin is facing a black Lower High resistance within this recently recovered Range That said, Bitcoin faced the same situation in the Post-Halving Re-Accumulation Range (black Lower High resistance) Back then, BTC initially rejected from that Lower High to drop into the Range Low But weeks later Bitcoin broke that Lower High, retested it into support and then broke out from the Range to new All Time Highs over time (blue circle) $BTC #Crypto #Bitcoin


#BTC Dominance indeed successfully retested November 2024 highs (black) to revisit ~64% (blue) Now, Bitcoin Dominance is positioning itself for a reclaim of 64% It's likely BTC Dominance reclaims 64% in very similar fashion to the reclaim of ~60% $BTC #Crypto #Bitcoin












