★ October 6th Coin Market Briefing
1. Bitcoin Dominance BTC.D
- Currently at 59.27%, surpassing the previous double top of 59.20%
- Fortunately, Bitcoin has set a new all-time high over the weekend, and the dominance is rising, indicating that this increase in dominance is not dragging the market down
- If Bitcoin and dominance rise together, and Bitcoin opens up a larger path first, altcoins may need to wait for a moment, but the likelihood of a larger increase seems to be rising
2. Tether Dominance USDT.D
- Currently at 4.26%, having risen without breaking the strong support line around 4.2% over the weekend
- Still moving within a convergence phase, so time is needed to explore direction, suggesting a need to adjust the trading ratio of altcoins
3. TOTAL3
- Closed at 1.14T on a weekly basis, marking the highest price in history
- After the third attempt on the weekly chart, it is trying to break through again; if it breaks through with strong momentum, it would be good to keep an appropriate cash ratio and actively engage in altcoin trading while considering a retest
@base @cookiedotfun @bankrbot
★ October 4th Coin Market Briefing
1. Bitcoin Dominance BTC.D
- Currently at 59.13%, it has been rising since 1 PM on October 3rd from around 58.6%, now heading to knock on the door of 59.2% again.
- The market outlook seems to hinge on whether it will drop after forming a triple top or break through the double top resistance and rise.
2. Tether Dominance USDT.D
- Currently at 4.28%, it is forming a bearish candle that engulfs last week's bullish candles. If it closes like this, the flow for next week looks promising.
- The overall trend is downward, but the cryptocurrency market maintains an upward momentum.
3. TOTAL3
- Even if it finishes at the current level, it will close at a weekly high.
- I hope it strongly breaks through the trend line of 1.18T in line with the altcoin ETF flow starting next week.
@River4fun @RiverdotInc
@trylimitless @wallchain_xyz
@bankrbot @cookiedotfun @base
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