Total3 Chart appears to have experienced a rejection at the $0.886 ($750.6 B) resistance level. As long as it stays below this level, selling pressure may continue.


The red arrow drawn on the chart indicates that the price could pull back toward the lower band of the channel and the $0.5 ($709.24 B) Fibonacci level, and then potentially react from there.
Although a short-term correction seems to be in place, breaking the lower band of the channel (around $710 B - $720 B) would directly impact the TOTAL3 index, which represents the liquidity of #altcoins.
A decline in this value could lead to a squeeze in altcoins. The altseason expectation might be delayed.
In the current macro view, Bitcoin's movements around the $80,000 mark will directly determine whether this chart can find support.
⚠️ #advertisement or investment advice is not provided. This analysis reflects my personal opinion. It does not guarantee certainty.
BTC-2.07%
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