Bitcoin Potential Short-Term Reversal & Altcoin Strategy

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Bitcoin Potential Short-Term Reversal & Altcoin StrategyBitcoin / TetherUSBINANCE:BTCUSDTCRYPTO_HUUNTERAfter the recent downtrend that began on May 15, Bitcoin now appears to be approaching the end of its bearish leg, at least in the short term. There is a high likelihood of a relief rally, where price may push higher to correct part of the previous decline. The key resistance levels to watch during this potential move are: $71,500 $73,000 $74,000 As long as Bitcoin remains below $74,000, I still consider the broader structure bearish. However, this does not rule out a short-term upward correction. πŸ“Š Market Strategy Given the potential for a bullish retracement, it’s essential to monitor Bitcoin Dominance (BTC.D) closely: If Bitcoin moves higher while BTC Dominance declines, it signals capital rotation into altcoins β€” making long positions on altcoins more attractive. If Bitcoin enters a range-bound phase and BTC Dominance trends upward, it suggests relative weakness in altcoins β€” making short positions on altcoins more favorable. This is a context-driven market, and understanding the relationship between Bitcoin price action and dominance can provide a significant trading edge. Stay patient, stay objective, and let the market confirm the next move.