#BTC
#Bitcoin
The Bitcoin chart is looking neutral at the moment. We are sidelining since we hit 72k, yet the Bitcoin dominance is also slightly breaking out upwards. It is not the best scenario for altcoin traders.
🔹The Bitcoin chart made a double top and it went down to 65k, pronably one of the reasons why people were selling was the pattern, yet we are now retesting 70k already. April is not bearish and BTC can go in any direction from here.
🔹Funding rates also reset, this is good news for bulls.
🔹If we look at the BTC. D. Chart, this month is probably going to be "all about Bitcoin" again. Fortunately we have raised our Bitcoin bags (
@altcoinlist). They are around 8% of the 74% crypto that we are holding.
🔹we could get one more week of sidelining between 65k-72k or we do get a nice pump. The
#SPX closed slightly above 5200, which indicates more towards a pump scenario.
🔹I think it's wise to have sells ready in the 80k region. I plan to sell 10%
#cryptowallets in that region.
Expectation: Bitcoin can go in any direction, but the way that the market closed gives me the idea that the scenario for sidelining or pumping is by far the biggest. I don't expect a dump this week, unless the
#SPX makes a move downwards (like a 5100-5000 retest). In that case I expect a 0.618 fib correction on Bitcoin. Monday is going to be important, again.
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