#BTC/USDT ANALYSIS
Bitcoin has broken the falling wedge pattern with a good volume. Currently, it is undergoing a retest above the pattern.
The Ichimoku Cloud is acting as support, indicating underlying strength. A successful retest of the pattern will provide a bullish rally.
#BTC DOMINANCE ANALYSIS
BTC Dominance has broken down from the rising wedge pattern with significant volume and is currently trading above a key horizontal (S/R) level. The price is also moving within the Ichimoku Cloud, indicating potential indecision.
A breakdown below both the S/R level and the cloud would signal further downside, while a bounce from this zone remains a possibility.
It’s important to note that BTC Dominance often shares an inverse relationship with the altcoin market cap.
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#ATOM/USDT ANALYSIS
ATOM is facing rejection at the horizontal supply zone of the ascending triangle pattern, with the 100MA acting as a resistance barrier above the current price action.
The price may continue to consolidate within the pattern, but a breakout above the resistance would confirm a bullish trend. Keep a close watch.