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The dominance of BTC is returning.
Recently, traditional markets like gold and government bonds have experienced high volatility and increased uncertainty. BTC has regained its dominance, but has not yet truly broken through the key level of 57.79%, so the trend cannot be considered a complete reversal yet.
From a short-term perspective, BTC has been holding in the range of 110K-108K. If the point of 108400 is maintained, there is hope to push up to 113K, 115K, or even 118K in the coming days. Especially 113K is crucial; if it can break through, it means the short-term structure will strengthen.
However, from a larger perspective, as long as BTC remains below 120K-118K, the bearish pattern still prevails. In the medium term, there is a high probability of lower positions, although a relief rebound cannot be ruled out in the meantime. Currently, the strength is basically supported by BTC, and its dominant position has indeed returned. However, whether it is strong in a phase or can continue remains to be observed. #打榜优质内容#