WE NEED TO BE CAREFUL

Let's make a general market analysis on #Bitcoin, #Total3 and #Tether dom charts.

There will be a detailed analysis. Please let's read it carefully.

Thanks to the #BTC spot #ETF approved yesterday, we will now see a wide range of investors and large and small financial institutions investing in this area with more confidence.

Of course, this does not mean that the price will constantly increase.

Again, the bear and bull cycles of the past will continue.

▪️ When we look at the 4-day chart of #BTC, we see that we are holding on to 0.707 Fibo.

There does not seem to be any problem in this chart and shorter term charts for now.

The red zone is important here. We follow up. Since #BTC and #Ethereum have been very active lately, I only added the #TOTAL3 chart here.

When we look at this graph, there is no problem.

We broke the blue resistance area under which we had been accumulating for 560 days and turned it into support.

We continue to hold on safely above this support zone.

We can use the blue zone as a reference zone for altcoins. The top of the area is safe, the bottom is dangerous. We look at #TETHER dominance;

Unfortunately, there are some developments here that may negatively affect the market.

As you can see, we are holding on to the trend support from 2018. Rsi has been oversold for weeks.

In the past, when Tether dom came to trend support, it held there for 2, 3, 14 and 8 weeks, moved up sharply and caused the market to fall.

We have been holding on to trend support for the last 6 weeks.

This is the only chart that worries me in the market right now.

Although it is hard to believe, I think Tetherdom will somehow break down from here and then seriously pull the entire market down with sharp upward movements.