While BTC is making new lows today on this pullback - many alts including eth and solana are above their Saturday lows still.
Reason being- BTC.D rejected off the 57% level and is pulling back today, which has been allowing alts to hold stronger than BTC itself.
This could go two ways from here— now that BTC.D is at support, it either bounces and alts begin suffering once again, or it moves down to the 55% level and if lost, could provide some nice altcoin bounces in the next coming weeks if BTC can at the very least chop sideways
Bitcoin dominance is an indicator that has served me well over time as you all have seen, and i encourage you guys to check it out every once in a while.
Reason being- BTC.D rejected off the 57% level and is pulling back today, which has been allowing alts to hold stronger than BTC itself.
This could go two ways from here— now that BTC.D is at support, it either bounces and alts begin suffering once again, or it moves down to the 55% level and if lost, could provide some nice altcoin bounces in the next coming weeks if BTC can at the very least chop sideways
Bitcoin dominance is an indicator that has served me well over time as you all have seen, and i encourage you guys to check it out every once in a while.
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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.