#BTC is sitting on the crucial trendline that is alongside | Alex Friedman Crypto on Binance Square

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Alex Friedman Crypto

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#BTC  is sitting on the crucial trendline that is alongside with ema that is holding the price on support. Any close below this trendline on weekly may trigger a short term selloff to clear the field for an upside move. If we bounce here.. new #ATH  s are inevitable for both #Altcoins  and #BTC 🚀🚀

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-2.92%

11

0

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All charts on HTF are screaming reversal.. #TOTAL is sitting on strong supporting trendline waiting either to #bounce or break down.. Looking back.. we have had bounce from here multiple times.. will the history repeat?👀

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Over $636 million in crypto positions were liquidated in the last 24 hours, with $567.35M from longs and $69.54M from shorts. Some say it was unpredictable but Japan's 20-year bond yield rises to the highest level seen since 1998. I call it the cause of wipeout we just encountered. Crypto gets hit first and is always the is the first to recover 😎

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ALTS never had a #bullmarket aka #Altseason since the last one at the beginning of 2021. It's been basically down only for 5 years straight. 5 years of traditional bear market for alts. There's no cycle here to even discuss because only now are we at the true #bearmarket bottom for alts. 😎

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Market Update #BTC dominance is dropping and #Others.d is gaining momentum. Why is it happening? Thats because we have not entered bull market territory yet. Institutional BTC buys have driven the price up and some call it as bullrun and they tell about the 4year cycle.. The sad part is that we have not entered a #bullmarket yet due to the #4YearCycle being broken. Its broken because the sentiment has changed. Retail has not yet entered the market because we are still in late stages of #bearmarket that started is early 2022. If they want a 4year cycle.. lets give them a 4 year bear cycle that is ending now. Prepare for massive gains.. Smart money is waking up.. Dont get sidelined here!😎

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#Others.D is giving us the answer we all are looking for.. Despite the recent #BTC dump altcoins are holding up pretty solid. That signals only one thing.. The rotation is starting

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