#GMX/USDT ANALYSIS

GMX has broken out of the ascending triangle with decent volume. The 100-day moving average and the Ichimoku cloud indicate a bullish trend. A continuation of the bullish move is expected, either from this point or after a successful retest of the triangle.

#USDT DOMINANCE ANALYSIS

USDT.D declined after breaking down and successfully retesting below the rising wedge. The Ichimoku Cloud indicates a bearish trend. Additionally, it broke down below the 200-day moving average (MA 200), suggesting a further downward move is expected.

However, a retest of the MA 200 is also possible. It's important to note that USDT dominance works inversely proportional to the crypto market.

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#BTC/USDT ANALYSIS

BTC is currently retesting above the descending channel, followed by a bullish move. The Ichimoku cloud indicates a bullish trend. A successful retest above the channel would confirm the bullish trend, while a failed retest would suggest a potential retracement before the next upward move.

#BOME/USDT ANALYSIS

BOME has broken out of the ascending triangle with a candle close above it, indicating strong momentum. We can expect the continuation of the bullish move from here or after a successful retest of the triangle.

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#S&P 500 ANALYSIS

The S&P 500 has continued its bullish trend following the breakout from the ascending triangle pattern. It has recently surpassed its previous high and is currently trading above this level.

As long as it remains above the past high, the bullish momentum is expected to continue. However, if it falls below this level, a short-term retracement is likely before the next upward move.

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#BTC/USDT ANALYSIS

BTC pumped following a strong bullish weekly candle close. Currently, it is encountering resistance at its all-time high. A decisive breakout above this all-time high zone would confirm a bullish trend. However, if it gets rejected, it will likely retest the horizontal support.

#BAKE/USDT ANALYSIS

BAKE is forming a descending triangle and is attempting a breakout. Currently, it is facing resistance from the MA 100 and the Ichimoku cloud. A solid breakout from the triangle would confirm a bullish trend, while a rejection would indicate further movement within the triangle.

Bitcoin’s market capitalization is approaching 10% of gold’s, currently 8.4%. Bitcoin is currently valued at $1.4 trillion compared to gold’s $16 trillion market cap

#BTC DOMINANCE ANALYSIS

BTC.D has broken down from the rising wedge on the weekly timeframe. A candle close or a successful retest below the rising wedge would confirm the bearish trend.

If BTC moves sideways or bullish while BTC.D drops, it would be a bullish sign for altcoins.

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#BTC/USDT ANALYSIS

BTC was rejected at the horizontal resistance of the ascending triangle. Currently, it is trading above the Ichimoku cloud. A bounce from the Ichimoku cloud and a decisive breakout from the ascending triangle would confirm a bullish trend. Until a solid breakout or breakdown occurs, further movement within the triangle is expected.