As I previously explained regarding Bitcoin's dominance, the trendline was broken on March 24th 📉, indicating a bearish signal on the daily timeframe. However, today it has rebounded and re-entered the line, signaling a bullish trend 📈. If it breaks through the 62.23% level, even with a wick, it would be a strong indicator of continued upward momentum 🚀, potentially delaying the altcoin season by a month or more ⏳.
The second scenario is that it tests this area and bounces back down, which would be very favorable for the altcoin season and the bull run 🐂. Therefore, I urge everyone to watch closely 👀 and avoid making hasty decisions 🙅♂️. We want to prevent any failed trades due to impulsive actions 💥.
I'd also love to hear your thoughts, my friends! Please share your opinions in the comments below 🗣️. We need to discuss various ideas 💡 together.
The second scenario is that it tests this area and bounces back down, which would be very favorable for the altcoin season and the bull run 🐂. Therefore, I urge everyone to watch closely 👀 and avoid making hasty decisions 🙅♂️. We want to prevent any failed trades due to impulsive actions 💥.
I'd also love to hear your thoughts, my friends! Please share your opinions in the comments below 🗣️. We need to discuss various ideas 💡 together.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.