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BTC: Depleting Sideways Development Continues
The advertise has been stuck in a sideways extend since early February, with no clear signs of a trend.
-Dominance Up: BTC dominance has expanded, causing alts to drop again.
- Liquidity Over: 20x more liquidity on beat, however BTC has been stagnant for 15 days.
ð¹ Potential Scenarios: A drop to $90K with a bounce back or an upward move from the current levels to seize liquidity.
- A drop would make sense - hit the $93-92K square and hunt for a inversion. But instep, the advertise is stuck in a depleting sideways phase.
- Trump’s speech today: Expect heightened volatility and possible market manipulation. Positive crypto signals are unlikely, with negative rhetoric more probable.
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