BTC/USDT (New Short-term Key Support?)

May 5, 2021

💎Technical Analysis Summary💎



BTC/USDT

-The bulls entered the market with a good bounce back above 0.5 Fib level
-We still have 6 hours left before the daily candle closes
-And if the bulls can maintain above 55k dollars, that is a good sign
-Especially we are seeing good news in terms of fundamentals about Bitcoin & Altcoins
-We are large-cap altcoins are performing well for the past few days
-This is because the BTC Dominance keeps printing lower lows
-And Bitcoin is expected to move sideways within a range for May
-I think we will have another good altcoin season for a few weeks
-But we can not let our guard down, we need to consider the bearish scenarios as well
-I'm eyeing a few altcoins which have not created any significant move yet
-If the market condition will be in our favor this month
-I'm expecting these potential coins can big percentage gains within few weeks
-Alright, Have a nice day and stay safe!



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