Market update❗️❗️❗️
Bitcoin looks very strong. Yesterday's resistance was exactly the daily support we saw on the day of the ETF launch ($45.6k), so watch for a retest of this level to see if we confirm support and possible new range lows. BTC seems to be looking to push back to the highs above $48k. If we close above $47k today, we could really see $50k soon. If any significant pullback occurs, the $44.5k green zone is a must hold area.
Remember that BTC dominance is also breaking out, so the lows are subdued for now. A bit of patience and I think we will catch some nice trades soon.
Coins showing volatility this morning are RUNE, JASMY, FTM.
Bitcoin looks very strong. Yesterday's resistance was exactly the daily support we saw on the day of the ETF launch ($45.6k), so watch for a retest of this level to see if we confirm support and possible new range lows. BTC seems to be looking to push back to the highs above $48k. If we close above $47k today, we could really see $50k soon. If any significant pullback occurs, the $44.5k green zone is a must hold area.
Remember that BTC dominance is also breaking out, so the lows are subdued for now. A bit of patience and I think we will catch some nice trades soon.
Coins showing volatility this morning are RUNE, JASMY, FTM.