Chart 1: Bitcoin ($BTC )

Yesterday, we closed as a doji below resistance and the 200 EMA. Currently, we are forming a doji below resistance and the 200 EMA.

Currently, the OBV shows convergence and the RSI shows bearish divergence.

The market structure is bullish . For the trend to flip bearish we need a LH followed by a LL.

Chart 2: USDT Dominance (USDT.D)

Yesterday, we closed as a doji below resistance and the 50 EMA. We are currently forming a doji below resistance and the 50 EMA.

Currently, the OBV shows bullish divergence and the RSI also shows bullish divergence.

The market structure is bearish. To flip bullish we need a HL which we now have but now we need it to be followed by a HH.

Chart 3: Altcoin Market (OTHERS.D)

Yesterday, we closed as a bull hammer below resistance and all EMAโ€™s. Currently we are forming a bear candle below resistance and all EMAโ€™s.

Currently, the OBV shows bullish divergence and the RSI also shows bullish divergence.

The market structure is bearish we have a LH followed by a LL. For trend to flip bullish we need a HH followed by a HL.

Chart 4: BTC Dominance (BTC.D)

Yesterday, we closed as a bear hammer below resistance but above all EMAโ€™s. Currently, we are forming a bull candle below resistance but above all EMAโ€™s.

Currently, the OBV shows bullish divergence and the RSI shows convergence.

The market structure is bullish. For the trend to flip bearish we need to see a LH followed by a LL.

I personally believe BTC is going lower as I donโ€™t believe the bottom is in yet so we will most likely just form a LH for now.

This month the full moon has played out as we got a bullish reaction from it but the new moon didnโ€™t have a sell off exactly but if you sold at the new moon I wouldnโ€™t be complaining.

As I said for a while now we will get rejected at the 0.5 fib level like we have but I do believe there is a possibility of us finding one last resistance at 80-83K zone.

Patience is key: stay objective, control emotions, and trade the charts, not the hype.

See you for tomorrowโ€™s update.

โš ๏ธ Disclaimer: This is not financial advice. Iโ€™m simply sharing my personal thoughts and market observations. Always do your own research and never risk more than youโ€™re willing to lose.

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