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BTC & ETH Structural Market Analysis
βοΈMethodology:
* Dow Theory
* 1D: HWC
* 4H: MDC
* 1H: LWC
Market Outlook:
Yesterday’s structural analysis remains valid for today, but let’s review the key levels again.
Today’s approach:
1οΈβ£ Wait for Total2 to react at 1.53 – if it breaks upward, we hold our positions.
2οΈβ£ Take profits quickly – if weakness is spotted in the trend, close positions without hesitation.
Note: There’s a chance of fake breakouts on long positions, but personally, I’m willing to take this risk. If TOTAL breaks its key resistance, we may see a strong rally.
Key Levels & Scenarios:
β¦οΈ BTC β¦οΈ
* Important levels: 115 and 120.
* A breakout of these levels will define bullish or bearish scenarios.
* Long trigger remains at 120.
β¦οΈ BTC.D β¦οΈ
* Bullish above 61.44 and 62.17 – bearish momentum in altcoins.
* Bearish below 60.83 and 60.42 – bullish rally in altcoins.
* If BTC dominance climbs, 62.74 is the limit where we stay bullish on BTC pairs. Beyond that, focus shifts fully to BTC itself.
* If BTC breaks 119,500 while dominance drops, it confirms holding or entering longs on altcoins.
β¦οΈ TOTAL β¦οΈ
* Still struggling with the 3.85 resistance level.
β¦οΈ TOTAL2 β¦οΈ
* Successfully broke 1.48, leading to the recent altcoin move.
* Next critical level: 1.55 – a breakout could trigger a strong altcoin rally.
β¦οΈ USDT.D β¦οΈ
* Breakdown of 4.22: keep positions open.
* Breakdown of 4.13: start of a new bullish trend in BTC & altcoins.
* Fake breakout around 4.13: expect range-bound movement between 4.13 – 4.37.
* If 4.37 breaks upward: expect corrections in BTC & altcoins.
β¦οΈ ETH β¦οΈ
* Weakness visible in ETH/USDT chart; candles are not giving strong signals.
* ADX oscillator suggests a sharp move is coming (direction TBD).
* If RSI climbs above 70 with current ADX conditions: expect a sharp bullish move.
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