Bitcoin give some wicks below $47,000 but no 4-hour candle close below it. Bitcoin is now trying to break the $48,500 local resistance and after this we see a rally towards the $49,500-$50,000 area. There is also a breakout from the bull flag pattern which is bullish. We may see high volatility because of the weekend.

From last few days market is trading under 'Neutral' sentiment.
which clearly depicts,
neither BEARS nor BULLS are strong.

Although please use STOPLOSS in your open trades.
and don't risk all your portfolio also don't keep it empty too.
accumulate potential coins at DIPs.
& do keep some fiat (USDT) or BTC for any unexpected move.

Bitcoin dominance is now at the resistance line. A breakout above this line will make altcoin bleed more and we see a test of 44% levels. If Dominance rejected from here then we see a retest of 40% support area again and this is the decision time whether we see another altseason or Dominance bounce from major support again. Use stop loss in all your altcoins open position and keep an eye on dominance.

The total crypto market tested the major support area and quickly bounced from there. BTC also tested the $40,000 area. We may see some sideways movement or range trading for sometime before making next move. The yesterday dump was because of the China real estate crashing and all global markets hit hard. Total market cap need to hold $1.7 trillion support. A break below this level will be bearish. BTC also need to hold $40,000.

Despite the recent sell-off, ETH is on track to close its sixth consecutive positive quarter.

Invesco/Galaxy just filed for a physically backed Bitcoin ETF.

Google search for Bitcoin hits Dec 2020 levels

Market Update

- BTC dominance sitting on 42% and ranging between 40% to 44% in the last days, we can expect it range there 7-14 days - this means we have consolidation time.
- S&P500 seeing recovery as we write it with bullish divergence and we hope to see it goes up another 3-5% until Friday.
- BTC support level 40k tested almost twice and so far it seems like there are more buyers than sellers there. This does not mean it can not be broken if tested again and in that case we can see BTC back to 36k levels.
- last news about China to bail out Evergrande are positive to market recovery

In conclusion we have signs for optimism, trade safe, use stop losses.

Buy $sushi 10,5$

JPMorgan: Institutional investors are piling into Ethereum, leaving Bitcoin since August

Buy more at 8,2$ and 6,3$ if btc crashes and t gets there. This is a great long term hold. It’s upcoming nft platform has the fonts to compete opensea.

Bitcoin Dominance is testing the trendline and bouncing from there. Bitcoin Dominance is still bullish and with BTC high volatility we see more blood in alts market. Don't go all-in into alts, only hold some good fundamental coins. Dominance will go to 44% levels in next couple of weeks. The major support is 40% and break below will lead to good rally in altcoins. Keep an eye on dominance. Stop loss is must in all trades.

China has blocked access to major cryptocurrency-related websites, including CoinGecko, CoinMarketCap, and TradingView. Several tools that check if China’s internet firewall blocks websites show that these sites are all 100% blocked.

The block follows China’s complete ban on cryptocurrency transactions and is clearly an attempt to limit any access to the market.

SPX is in the free fall! As #BTC correlation with stocks is high, crypto is also tanking

new ฿ daily high: $47,786

#Bitcoin illiquid supply repeatedly hits ATH this month.

Supply is being taken out of circulation, which tends to increase in demand and price will follow most likely.

After a long back and forth moves ETH breaks above the $3000 and just taps the next resistance zone of $3279 - $3360. Price might take pullbacks, as the price is approaching towards 100 MA. As long as the price above $2950) is bullish.