BTC Short Term Analysis - BTC DOM INCREASING
As expected, BTC traded in a narrow price range throughout the weekend. There was no particular activity on the market, but it is worth taking into account the increased fear in the market.
Since if you look at the alt-market, then most of the instruments there sank very strongly relative to Bitcoin.
The dominance of BTC is growing, which means that participants are now choosing less risky and volatile assets.
Today will be an unscheduled meeting of the Fed. The question of raising the rate is on the agenda, investors are nervous.
But we are not afraid to assume that they will not raise the rate, and this event is already included in asset prices.
We expect a classic shaking out at the time of the meeting when the price will drop sharply down, followed by a quick buyout.
Since if you look at the alt-market, then most of the instruments there sank very strongly relative to Bitcoin.
The dominance of BTC is growing, which means that participants are now choosing less risky and volatile assets.
Today will be an unscheduled meeting of the Fed. The question of raising the rate is on the agenda, investors are nervous.
But we are not afraid to assume that they will not raise the rate, and this event is already included in asset prices.
We expect a classic shaking out at the time of the meeting when the price will drop sharply down, followed by a quick buyout.
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