Bitcoin 
$110,363.57 price While it was forced to regain 112,500 dollars, it has now fell below 110 thousand dollars. In this process, Trump took action to dismiss Cook, and the opening of the Fed’s independence to the debate led to the decline of September. We have been talking about all these details for days, so what do the analysts say for the current situation?
Bitcoin and Altcoins
Miles deutscher focuses on two graphs. These ETHBTC And BTC Market domination graph. While the ETHBTC parity declines, the reversal of the market domination of the BTC is associated with the rise of gold. Recently, the price of golden gold that broke new records is preparing for the upcoming interest rate cuts. This week, we have seen evaluations that BTC and Gold can be considered this week.
“In the last few days, there has been a major change. ETH/BTC declined, as BTC’s dominance is reversed. This may be a sign that BTC will go back to the central stage after gold.
In the meantime, I see it as a good thing because the weakness of BTC keeps the general market under pressure. ”
Bitcoin The second analyst focused on market domination was Daancrypto. Everyone in subcoins The ascension was waiting, but at the bottom prices, many more crypto currencies are confusing the environment. Therefore, the last decline in the BTC.D front and the current situation is a riddle that everyone is trying to solve.
“BTC.D remains constant during the wavy and weak course of the general market, BTC When he finds a base, he points out that the Altcoin performance will be good.
Although this stable decrease tendency and the volatility in the subcoins will remain higher than the BTC, the risk/return rate in powerful subcoins is quite good as long as this trend continues. This is true after finding a BTC base. As I mentioned in my previous BTC updates, I think we need some time to calm/consolidate.
Do not go down the risk curve yet, because those who do things are still large and some medium -sized companies. Stupid things will emerge at some point, but you will first want to see $ ETH’s price discovery properly. ”
Solana (left)
BTC does not rise, subcoins More losses are prepared in the possible decline and ETH goes down and down below $ 4,300. Many no one would have guessed that there would be such an unpleasant environment when going to interest rate cuts. Especially when Powell’s term of office is now in months. This is in the nature of crypto currencies, and that’s why it is not as easy as it seems.
Let’s take a look at the graph that Sherpa shared for the solana of the Altcoins.
The analyst draws attention to the difficulty of the $ 205 level and wrote that he would be traded on it within 1-2 months, but he wrote that he did not want to talk about timing. This means that he sees a risky purchasing from existing levels. Thus Left coin The risk of a decrease becomes evident while falling below the $ 203 lock area. Sherpa wrote that it would make action for purchasing when retreats continued for 180 dollars.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
