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⚓️ After the weekly close of #Bitcoin around 107K$, it has retraced to levels around 102K$ in the new week.
This correction occurred alongside volume and short-term support levels were tested.
✍️ In the chart:
20-Day EMA: around $100,800, it may act as support.
RSI: The level around 50 remains horizontal, and the direction is uncertain.
Dominance is on the rise, which may be increasing pressure on altcoins.
✍️ View:
Major trend will not be broken as long as there are no closes below 100K$.
However, the altcoin rally may slow down with the increase in dominance.
It is not investment advice. These are notes from my own technical strategy.
#KriptoPara #BitcoinDominance #Altcoin #TechnicalAnalysis
#BTC #Crypto