BTC fooled everyoneBTC got dumped from ~13000 resistance, as it was much expected, but alts certainly haven't started any alt season yet. Or it was the shortest alt season of all times =))) While BTC price was dumping, it's dominance pumped back to previous record level this morning. What does it tell us? Probably those who dumped it, got some nice profits from alts fast pump and then switched back to BTC and stable coins, leaving alts without fuel. Market ain't ready for the alt season yet.
Check out Dominance chart below. Something not that dumpy here...
So what do we have now. Support/resistance zone ~11250-11480 collected another big portion of volume and pushed price above. So far BTC moves between two scenarios: consolidation at ~11250-11680 range with potential pump to ~12300... or retracement further to the next strong support at 10750.
Shorts: 11900 - 12100 - 12340
Longs: 11250 - 10750 - 10300
Fear & Greed index: 62 (<= 83 <= 84 <= 74 <= 67)
BTC Dominance: 65.5% (<= 65 <= 64 <= 62.1 <= 62.3)
Market Cap: $314.250 billion (<= 353.196 <= 351.630)
24h Vol: $104.474 billion (<= 83.414 <= 81.749)
