The price has been moving sideways over the last day, almost like it’s building up for the next move.
We’re still holding the lower support of this structure, but it’s starting to look weak.
A breakdown from here can lead to a sharp move to the downside.
This level is important.
Watch how the price reacts here.
#Bitcoin
$BTC SHORT-TERM UPDATE
As we expected, BTC got rejected from that resistance zone and started moving down, but it still hasn’t confirmed a full breakdown yet.
Right now, the price is sitting just above support and trying to hold. You can see buyers are still reacting here, so this level is important.
As long as this support holds, there’s still a chance for a bounce.
But overall, the structure is weak, and pressure is building on the downside.
#Bitcoin
USDT.D SHORT-TERM UPDATE
We can see $USDT dominance is holding this support and starting to bounce from here.
Structure looks like it’s trying to shift upward, and buyers are stepping in at this level. As long as this holds, I see strength building in USDT.D.
This suggests money is flowing into stables, and overall, this leans bearish for alts in the short term.
#Crypto