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✅In general, due to penetration at the level of 48.95%, the possibility of the index falling is much higher than its uptrend in the daily time frame.
❗️According to the chart, there is a possibility of index growth in the short term.
#btcd#BitcoinDominance#BTC#Bitcoin
❗️But if the market moves to the level of 48.36% after settling in the current area, we cannot expect a good reaction from the support area in question.
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📌📊USDT.D
✅The Tether Dominance index happened exactly without the slightest difference with the analysis on August 8 and grew well to the level of 8.37%.
❗️As we said, due to the tight market, the specified supply level is invalid.
✅If this compression is not broken in the right direction, the market will easily cross it and now it is forming a decision area.l
❗️And If the market pulls back strongly to the 8.70% level, this area will form a very good support level .
❗️The index has reached 50.75. Currently, the only area that causes the index to react and fall is the level of 50.60.
✅Otherwise, after this level is broken, the bullish scenario continues up to the level of 50.95.
#btcd#BitcoinDominance#BTC#Bitcoin
📌📊BTC.D
✅If you check the analysis of Bitcoin Dominance Index on July 27th, the area marked with a red circle is said to cause a change in the trend of the index and it will have an uptrend to the level of 50.95, which is currently as shown in the chart.
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