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#BTC DOMINANCE ANALYSIS

BTC.D is moving in a descending triangle on the daily timeframe. Currently, it is near the trendline resistance. The RSI is in the overbought region and forming a bearish divergence.

A rejection could be a possible scenario from the trendline. A drop in BTC.D while BTC moves sideways or shows a bullish sign would be a strong bullish sign for Alts.
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From 29 May to 31 May 2024
Consensus by CoinDesk
Genesis Cleared by Court to Sell GBTC Shares Worth $1.3 Billion: BBG
👀 BlackRock’s Bitcoin ETF passes 100K $BTC under management

BlackRock has multiplied the iShares Bitcoin Trust’s holdings by more than 3,700% since debuting IBIT in January. 📈

Notably, the ETF has seen combined daily inflows break another record at $631.3 million, indicating robust investor interest in Bitcoin. 📊
MASK analysis:

Price is currently trading within a range defined by support and resistance levels. It is advisable to avoid trading until a clear break above the resistance or a test of the support zone occurs, which will provide better entries.

Support Area: $3.10-$3.30

Resistance Area: $4.00-$4.15
As Bitcoin hit the $52,000 price mark, it has reclaimed the $1tr market cap today, a key milestone, for the first time since December 2021. BTC now has a bigger market capitalization than giants such as Walmart, Tesla, or Berkshire Hathaway.
Crypto Fear and Greed Index

Index Value : 72
Sentiment : Greed
BTC Price : $51773
ETH Price: $2800
💥JUST IN: #Bitcoin ETFs have taken in over $2 BILLION of new funds in just the last 4 days.

Yesterday was the biggest day of inflows since launch day, with $631m! 🚀
BTC $27M Mass Short Position Liquidation, Metric to Watch Going Forward 🧐

“If we don't generate upside volatility quickly, similar to those two cases, we could see a week or so of sideways moves followed by a price correction.” – Link
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