Bitcoin at Key Pivot: Reversal in Progress or Range Ahead?📈 Bitcoin at Key Pivot: Reversal in Progress or Range Ahead? (Price Action + Dominance Strategy)
After a corrective move, Bitcoin (BTC) now appears to be exiting the pullback phase sooner than expected.
A confirmed breakout above $106,492 would likely invalidate the previous downtrend and suggest bullish continuation. Notably, we saw a volume surge near this level, reinforcing the breakout signal.
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📊 Possible Scenarios:
1. Bullish Continuation:
📍 Entry: On 4H or daily candle close above $106,492
🛡️ Stop-loss: $104,949
📈 Upside Range: Potential resistance near $110,173.43
2. Failed Breakout / Short Opportunity:
❌ If price fails to reclaim $106,492 and breaks below $103,834,
🔻 This opens a short setup.
Important: Before opening a short, check BTC Dominance:
If dominance is rising, favor altcoin shorts
If dominance is falling, short BTC directly
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🧠 Dominance Strategy for Longs:
If BTC dominance is increasing, go long on BTC
If BTC dominance is decreasing, favor altcoin longs
Two altcoins with strong setups: AAVE and APE (see earlier posts for details)
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📌 Range Possibility:
If neither breakout nor breakdown occurs, BTC may range between $101,638.45 and $110,173.43 in the short term — trade accordingly.
