Proctor7
@Square-Creator-b2b413f22a15
Momentum Trading
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#BTC/USDT Update: Key Trigger Levels
Hourly Trigger (Tv2:H): 97,133.52
BTC is currently trading below this level, indicating short-term bearish momentum. A recovery above this trigger is necessary for short-term bullish sentiment.
Daily Trigger (Tv2:D): 97,453.05
This level represents the higher timeframe resistance. A break above this could shift momentum positively on the daily scale.
Weekly Trigger (Tv2:W): 77,268.86
Strong weekly support remains intact far below current prices, providing a key level for long-term stability.
Monthly Trigger (Tv2:M): 54,001.27
The long-term support level reinforces that BTC remains structurally strong on the monthly timeframe despite current volatility.
Summary:
BTC is trading between short-term and daily resistance levels. A breakout above 97,133.52 (H) and 97,453.05 (D) is crucial to resume bullish momentum. If rejection continues, watch for support around 95,727.64 and 77,268.86 (W).
Hourly Trigger (Tv2:H): 97,133.52
BTC is currently trading below this level, indicating short-term bearish momentum. A recovery above this trigger is necessary for short-term bullish sentiment.
Daily Trigger (Tv2:D): 97,453.05
This level represents the higher timeframe resistance. A break above this could shift momentum positively on the daily scale.
Weekly Trigger (Tv2:W): 77,268.86
Strong weekly support remains intact far below current prices, providing a key level for long-term stability.
Monthly Trigger (Tv2:M): 54,001.27
The long-term support level reinforces that BTC remains structurally strong on the monthly timeframe despite current volatility.
Summary:
BTC is trading between short-term and daily resistance levels. A breakout above 97,133.52 (H) and 97,453.05 (D) is crucial to resume bullish momentum. If rejection continues, watch for support around 95,727.64 and 77,268.86 (W).
#BTC Dominance Update (1H)
#BTC dominance is trending upward, currently at 58.40%, supported by bullish momentum indicators. The Scaled Squeeze Momentum at 5.01% and RSI at 70.33 indicate strong upward momentum but are approaching overbought levels.
Impact on Altcoins:
Rising BTC Dominance: Suggests capital is flowing into Bitcoin, reducing demand for altcoins. This could lead to a weaker performance in the altcoin market.
Key Resistance: At 58.52%, a breakout could further pressure altcoins.
Support Levels: At 58.13% (AMA-QQE:SPMA) and 57.86% (Tv2:D)—a drop below these levels may signal a short-term shift back toward altcoin strength.
If dominance continues to rise, expect altcoins to underperform relative to Bitcoin. Monitor key levels for potential reversals or breakouts.
#BTC dominance is trending upward, currently at 58.40%, supported by bullish momentum indicators. The Scaled Squeeze Momentum at 5.01% and RSI at 70.33 indicate strong upward momentum but are approaching overbought levels.
Impact on Altcoins:
Rising BTC Dominance: Suggests capital is flowing into Bitcoin, reducing demand for altcoins. This could lead to a weaker performance in the altcoin market.
Key Resistance: At 58.52%, a breakout could further pressure altcoins.
Support Levels: At 58.13% (AMA-QQE:SPMA) and 57.86% (Tv2:D)—a drop below these levels may signal a short-term shift back toward altcoin strength.
If dominance continues to rise, expect altcoins to underperform relative to Bitcoin. Monitor key levels for potential reversals or breakouts.
Analysis for BTC Dominance Chart
57.93% (Tv2:H) – Key short-term resistance.
57.89% (Fib 0.236) – Immediate level to watch.
57.75% (AMA-QQE:SPMA) – Strong dynamic support.
57.34% (Tv2:W) – Critical longer-term support.
Momentum:
Squeeze Momentum: Strong at 30.89, indicating bullish pressure.
RSI: Neutral at 53.78, room for further upside.
If dominance breaks 57.93%, it could push higher. A retracement below 57.75% risks a pullback to 57.34%, potentially favoring altcoins.
57.93% (Tv2:H) – Key short-term resistance.
57.89% (Fib 0.236) – Immediate level to watch.
57.75% (AMA-QQE:SPMA) – Strong dynamic support.
57.34% (Tv2:W) – Critical longer-term support.
Momentum:
Squeeze Momentum: Strong at 30.89, indicating bullish pressure.
RSI: Neutral at 53.78, room for further upside.
If dominance breaks 57.93%, it could push higher. A retracement below 57.75% risks a pullback to 57.34%, potentially favoring altcoins.