2025-02-06 06:08:39

#Market Pullback: Which Coins to Watch? #Launchpool Initial Offering ANLOG #Which AI Concept Coins Do You Hold?

VIP MARKET UPDATE: $BTC DOMINANCE
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BTC.D attempted a breakout above horizontal resistance but failed to sustain, pulling back below the key level. This rejection increases the likelihood of further downside unless BTC.D can reclaim and successfully retest the resistance as support, which would be a strong bullish signal.

It's important to note that BTC dominance often moves inversely to the altcoin market cap, meaning a rejection here could favor altcoins. At the same time, a breakout and retest above resistance would signal strength for BTC.D at the expense of alts.
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ANLOG23.92%

HOLD2.26%

BTC1.58%

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GateUser-d7ed0b2d

· 02-06 06:26

#Market Pullback: Which Coins to Watch?##Launchpool Initial Offering ANLOG##Which AI Concept Coins Do You Hold?# VIP Market Update: $BTC Dominance ➖➖➖➖➖➖➖ BTC.D attempted to break the resistance level but failed to sustain, falling below a key level. This rejection increases the possibility of further downside unless BTC.D can reclaim and successfully retest the resistance as support, which would be a strong bullish signal. It is worth noting that the dominance of BTC (Bitcoin) usually moves in reverse with the market value of other cryptocurrencies, meaning being rejected here may benefit other cryptocurrencies. At the same time, a breakout and retest of the resistance level will indicate strength for BTC (Bitcoin), but the cost may be higher for other cryptocurrencies. ➖➖➖➖➖➖➖

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