BTC has not been able to exit the channel as shown in the figure. There are many signs that BTC will reverse to go down at 9400$ zone and this is quite reasonable when a lot of Altcoins has entered the strong support price that noone wants to sell off anymore.
The best scenario for the market (and the best for Whales) is that BTC moves down to the lower edge of this channel at 7900-8000$ and raises its momentum.
However, in the financial market, everything is possible. If BTC passes 9400-9450$ zone, then your first priority is to move all Altcoins into BTC and wait until BTC reaches 10500-10600$ to consider buying Altcoin.
Because BTC increases 10-15%. it will be a nightmare for Altcoins when they decreases by 30-50%
The best scenario for the market (and the best for Whales) is that BTC moves down to the lower edge of this channel at 7900-8000$ and raises its momentum.
However, in the financial market, everything is possible. If BTC passes 9400-9450$ zone, then your first priority is to move all Altcoins into BTC and wait until BTC reaches 10500-10600$ to consider buying Altcoin.
Because BTC increases 10-15%. it will be a nightmare for Altcoins when they decreases by 30-50%
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