Crypto Market Review

The BTC dominance is up, meaning that the capitals in crypto are flowing more into Bitcoin than others at the current time. My target is 60% by the end of the year according to the TA.

ETHBTC chart is also bearish, as Ethereum is THE catalyst for altcoins.
Support from 2016 broke down.

Besides TONcoin, BTC and BNB are the outperformers in recent days, shows the comparison chart:

Finally the BTC chart shows a potential breakout to 77k$ with RSI compressing.

評論:

Bitcoin looking pretty bearish right now. I can't believe this bullish pennant broke to the downside, but well this is crypto.
If you decide to buy the dip, place a stop at 59k$, which is below the 45 days resistance low.
Next level for the bears is at the monthly pivot S2 at 53200$, there is no real support before that so things could go quickly.