BTC Gains 41k but has a long way to go
BTC had a nice pump and 4hr close over 41k
There are some Daily S/R Levels where we are at now
but nothing significant has been backtested
Still not convinced of a midterm reversal as we want the current
4hr to potentially test 40.7k at a minimum and close over 41k
or higher for bullish continuation.
Nice to see some relief finally after a harsh 2-week downtrend
But nothing is confirmed yet, and we want the DXY to continue
to dump to the downside as well as close 4hr or higher under 100
Look for a 3 tap failure from DXY from its weekly open.
Watch for BTC and ETH dominance to switch so increasing
ETH.D and decreasing BTC.D with BTC either sideways
or low volume upside to see ALTS get some needed relief.
There are some Daily S/R Levels where we are at now
but nothing significant has been backtested
Still not convinced of a midterm reversal as we want the current
4hr to potentially test 40.7k at a minimum and close over 41k
or higher for bullish continuation.
Nice to see some relief finally after a harsh 2-week downtrend
But nothing is confirmed yet, and we want the DXY to continue
to dump to the downside as well as close 4hr or higher under 100
Look for a 3 tap failure from DXY from its weekly open.
Watch for BTC and ETH dominance to switch so increasing
ETH.D and decreasing BTC.D with BTC either sideways
or low volume upside to see ALTS get some needed relief.
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