Bitcoin dominance reached the 44% level as mentioned and now trading near it. If Dominance break 44% level and hold above it then we see a upward movement towards 45.5%-46% resistance area. This is the reason altcoins are not increased much even after BTC crossed $51,000. The local support for Dominance is 42.8% level and if Bitcoin dominance comes down to retest the support level then we see small rally in altcoins.

Yesterday, $26M of #Bitcoin shorts got liquidated in 10 minutes. When BTC massive pushed above the $55,000. We may also see a long squeeze this weekend.

Since that $30k low on 20 July, institutional investors, those holding at least 1k of bitcoin, have increased their holdings by 172k bitcoin and institutional traders have acquired an additional 68k

ETH is unable to hodl above the $3600 area and broken the zone below. The candle didn't close yet, the price might just wick it off. If the candle closes below then we're expecting a dip till $3300 - $3376, which is a strong support level.

#ADA looks like facing strong sell pressure, unable to break above the resistance zone. Also, the price is testing out 50 period EMA and now, seems like the price will dip back to the support area. Have you bid near the support around $2.00 or below.

#BTC is taking a correction and tested the $54,000 area already. We may see a retest of the $53,000-$53,500 support. The market remains bullish as long BTC hold above $50,000. We may also see a retest of $50,000-$51,000 if any bad news or FUD come.

Bitcoin balance on exchanges has again started decreasing after the small increase in April-July. The Bitcoin balance on exchanges is now at August 2018 levels. This shows less selling pressure on exchanges and we may see more upward movement in coming weeks.

BREAKING: SEC APPROVES FIRST U.S. BITCOIN FUTURES ETF FROM PROSHARES - $ BITO — link

Funding rates

The flash dump to liquidate bulls is expected!

Bitcoin break the all-time high and also the $65,000 resistance. Bitcoin made a new all time high of $67,000 and testing back the support. The support for now is $63,500-$64,500 and after that $60,000-$61,000 area. BTC is now in price discovery mode and we assume round figures as psychological resistance. The next resistance is $70,000 and $75,000 levels. We will see high volatility in coming days.

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MATIC Analysis :

MATIC continues to build HH and HL and just broke above the major resistance zone of $1.67 - $1.74. Now the resistance turns into support. Right now, No buying opportunity as closing is still pending so wait for the confirmation and a pullback to support for a buy. Price is Bullish above $1.40.

All exchange liquidation hits around $928M in the last 24H. In which 88% of were long position.

$BTC Dominance 4h

Head And Shoulder Formed out on the 4 hour time frame on our BTC Market Dominance chart, where we can see it perfectly broke down the Neckline of the HNS. This is the main reason of our current BTC price action drop.

Volume profile shows the VOLUME is currently good at our current levels levels.

A short term alt dominance bounce has started and we could very likely see it expand over the next few days.

Facebook is changing its name to Meta

The total market cap is accumulating after breaking the major resistance of $2.5 trillion. Accumulation usually happens before next rally. We may see few more days sideways movement before the breakout. The FOMO start building up.

The total market cap of altcoins is trading at the resistance zone. There is also an uptrend line which is working as support. We will see a good rally in altcoins once the total2 market cap breaks this zone. If Bitcoin stays above $60,000 then we will see some upward movement in altcoins.

We consider $icp one of the safest bets right now. It consolidates for 6 months. It hasn’t pumped compared to the majority of platform tokens and it’s not a shitcoin. Only it’s price action is bad.
Our team holds a good % of its portfolio in $icp. Sell orders already waiting at 3 digits.
Yes $icp will go 3 digits sooner or later.

Accumulate below 40$ mark

BTC is trying to break the symmetric triangle again. If BTC able to break and hold above $61,500 then we will see a good upward move. The support remains same as of $58,000-$59,000. The overall market is bullish and also accumulation is going on near support levels.