Well, let’s break down what’s going on with BTC 📊
The price has taken liquidity in the area of $69,700, and the dominance has dropped, which has given life to altcoins, at least locally.
Currently, BTC is testing the OB (order block) on the 4-hour chart. If we can hold this zone for 4 hours, it’s quite possible we will see a carnival in altcoins and sideways movement in Bitcoin.
However, if the OB fails to hold the price, I think we’ll drop to test $64,600 to take liquidity in that zone.
What’s the conclusion? It’s difficult to draw conclusions today, as Monday is a day of manipulation, and we may see unpredictable movements on the charts. It’s better to return to the analysis tomorrow since today’s close is very important.
Yours, @LUKEFUTURES