$BTC.D Update
The price action of $BTC.D is showing consolidation within a small S/R zone after a recent pump.
The price was rejected from support, indicating bullish momentum, which could lead it toward resistance. However, instead of continuing upward, it is displaying bearish movement, bringing it back to support.
If the price breaks down from this support, it may enter the Fair Value Gap (FVG). A bounce from this level could trigger a recovery, but ignoring the FVG may push the price towards another support.
A breakdown from there would test the demand zone, and if this level fails, a further decline could lead to a dump in dominance, potentially causing altcoins to pump.
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Crypto Bull®