Good evening to all my friends. I hope you all are doing well. I am having a fantastic day. Let's talk about crypto market. Today i am going to discuss about the current market situation, focusing on Bitcoin and Ethereum. Bitcoin dominance is currently above 60%, but this morning we saw a 1.3% correction. Bitcoin has now entered its price discovery phase, which historically leads to significant rallies. When this happens, Bitcoin tends to lose dominance as money flows into altcoins like Ethereum, which has seen strong pumps in past bull markets.
Ethereum is also showing bullish signs. Its RSI has reclaimed a key support trendline, and if it closes above this in the next few days, we could see a strong upward move. Additionally, Ethereum has broken its 21 EMA resistance, which is a positive indicator for further gains. Bitcoin is also attempting to reclaim its long-term RSI support trendline. If it successfully closes above this, it would confirm the continuation of its bullish trend. In short, both Bitcoin and Ethereum are showing strong bullish signals, and the market is looking good for potential growth. Don't sell you coins early, sell in parts because biggest rally of altcoins is yet to come. That's it for today. Here's the latest update video of crypto market. Stay tuned for more updates. Thanks & have a good day!!
@abfarhan