BTC.D: Critical Triangle Breakdown | Alt Season Signal?

שלשום

Current: 57.98% |
Pattern: Large descending triangle since November peak

Technical Analysis:
1. Macro Structure
- Multi-month descending trendline resistance
- Double rejection at 60% level
- Key support at 56% zone
- Volume profile decreasing in consolidation

2. Key Levels
- Major resistance: 60%
- Current resistance: 58%
- Critical support: 56%
- Target zone: 52-54%

3. Signals
- Triple rejection at descending line
- Volume decreasing in triangle
- Weak bounces from support
- Bearish RSI divergence forming

Trading Scenario:
- Targets:
T1: 56% (initial support)
T2: 55% (measured move)
T3: 54% (max target)

Market Implications:
- BTC.D drop typically signals alt season
- Monitor top 10 alts for rotation
- ETF approval could affect dominance

DYOR - Not financial advice. High-risk market period with ETF decisions approaching. Size positions accordingly.