Alts are looking better than BTC right now from a TA perspective. For bitty to gain strength, i want to see reclaim and hold at 42,600 then 44k. Both are volume and candle levels to me.
From a pattern perspective, bitty looks like she wants to drop again and possibly break through lower support, about 41k. The LTF rising wedge / bear flag supports this possibility.
Scenario 1: bitty goes bullish and reclaims levels.
Scenario 2: Bullish alts, bearish bitty = altseason rally is on. High BTC.D supports this thesis.
Scenario 3: Alts follow bitty lower.
Keeping an eye on the $TOTALS for clues.
Final thought: Im neutral with a lean bearish until BTC makes those levels.
From a pattern perspective, bitty looks like she wants to drop again and possibly break through lower support, about 41k. The LTF rising wedge / bear flag supports this possibility.
Scenario 1: bitty goes bullish and reclaims levels.
Scenario 2: Bullish alts, bearish bitty = altseason rally is on. High BTC.D supports this thesis.
Scenario 3: Alts follow bitty lower.
Keeping an eye on the $TOTALS for clues.
Final thought: Im neutral with a lean bearish until BTC makes those levels.