BTC fooled everyone

BTC got dumped from ~13000 resistance, as it was much expected, but alts certainly haven't started any alt season yet. Or it was the shortest alt season of all times =))) While BTC price was dumping, it's dominance pumped back to previous record level this morning. What does it tell us? Probably those who dumped it, got some nice profits from alts fast pump and then switched back to BTC and stable coins, leaving alts without fuel. Market ain't ready for the alt season yet.

Check out Dominance chart below. Something not that dumpy here...

So what do we have now. Support/resistance zone ~11250-11480 collected another big portion of volume and pushed price above. So far BTC moves between two scenarios: consolidation at ~11250-11680 range with potential pump to ~12300... or retracement further to the next strong support at 10750.

Shorts: 11900 - 12100 - 12340
Longs: 11250 - 10750 - 10300

Fear & Greed index: 62 (<= 83 <= 84 <= 74 <= 67)
BTC Dominance: 65.5% (<= 65 <= 64 <= 62.1 <= 62.3)
Market Cap: $314.250 billion (<= 353.196 <= 351.630)
24h Vol: $104.474 billion (<= 83.414 <= 81.749)

Comment:

What if this is a part of the trend, having same scenario as 12/05-22/05? Than BTC should be bouncing from 11k support and in the end pump to new highs. Just thinking out loud one of possible scenarios.

Comment:

BTC is falling to 10750

Comment:

Back to 10750 SR again. If breakout than next resistance at 10900 and ~11100. If it won't next support at 9950 - 9770 - 9450 - 9000

Comment:

Comment:

BTC touched last resistance area and then bounced from ~10500. Nice volume on bounce, but lower than yesterday on initial push, so we may have another day of moderate volatility. Dominance grown above 69.5, next "resistance" levels for it are around 70 and 70.5. Majority of Alts look very oversold - doesn't mean they will grow now, but many may bounce for at least small profit if BTC pullback.

Scenario 1: price moves above yellow SR zone around 10750, and give another test to 11.1k potentially wicking to 11.3k.
Scenario 2: fall below yellow zone and test 10.3-10.4k.