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#BTC Up 1.36% #ETH Up 5% ETH is out performing BTC.

💰 Bitcoin hits trendline resistance. Shorted #BTC#ETH here.

#BTC - back above $41,000📈 Bouncing off the support at $38,500, highlighted in the previous analysis, #BTC has started a recovery, breaking through the $41,000 mark with a strong impulse. 🙅‍♂️ However, the market news does not favor growth. The SEC has delayed the decision on an #ETH ETF. The U.S. plans to sell over $100 million in confiscated Bitcoin. Grayscale continues to sell #BTC, liquidating over $4.4 billion in the last 10 days alone. Certainly, not all news in the market is negative. While Grayscale is selling, BlackRock and Fidelity are accumulating. In less than 10 days, the companies acquired 45.6k #BTCand 45.3k #BTC, respectively (~$3.6 billion total). Still, these volumes do not compensate for the strong selling pressure. 📊 On the 4-hour chart, we see that #BTC has not yet returned to the local upward trend. As long as the buyers cannot establish itself above it, the priority remains a continuation of the correction with an attempt by sellers to push below $38,500.

📉Bitcoin's dominance is bouncing off the upper boundary of the ascending channel and losing about 2.5%. However, we cannot yet talk about the start of the alt season, as a significant portion of this capital has transferred from #BTC to #ETH. ⚠The potential for a decline in dominance is around 61%, reaching the lower boundary of the channel. I still expect the alt season to begin only after the ascending channel breaks down and consolidates.

#BTC & #ETH Both on fire ⚡️⚡️⚡️

Crypto News Aggregator by EXCAVO | ꘜ 📊👀Report CoinShares on crypto financial flows over the past week: - Digital asset investment products had ~$572M in outflows last week; - #BTC had an inflow of $260 million; - #ETH had an inflow of $268 million.

🟢#ETH Short Liquidation: $249.83k @ $2,404.2 [scan][dash][qwan]

🔴#ETH Long Liquidation: $210.62k @ $2,285.5 [scan][dash][qwan]

🔴#ETH Long Liquidation: $290.49k @ $2,320.0 [scan][dash][qwan]

🟢#ETH Short Liquidation: $205.21k @ $2,372.2 [scan][dash][qwan]

🔴#ETH Long Liquidation: $265.09k @ $2,301.2 [scan][dash][qwan]

🟢#ETH Short Liquidation: $201.95k @ $2,405.2 [scan][dash][qwan]