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Thursday, January 8, 2026
Bullish bounce off overlap support?
Bullish bounce off overlap support?
British Pound vs US Dollar ICMARKETS:GBPUSD
Cable (GBP/USD) is falling towards the pivot, which has been identified as an overlap support and oculd bounce to the 1st resistance.
Pivot: 1.3422
1st Support: 1.3347
1st Resistance: 1.3530
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source https://www.tradingview.com/chart/GBPUSD/540NTO6K-Bullish-bounce-off-overlap-support/
ALTCOIN SEASON IS IMMINENT IF THIS HAPPENS!! Must Read.
ALTCOIN SEASON IS IMMINENT IF THIS HAPPENS!! Must Read.
Market Cap BTC Dominance, % CRYPTOCAP:BTC.D
BTC Dominance is approaching a major long-term resistance trendline that has consistently acted as a rejection zone in previous cycles.
Key Observations:
* BTC.D has been moving inside a rising channel on the weekly timeframe.
* Price is currently testing the upper boundary of the channel along with a macro descending resistance.
* In past instances, rejections from this trendline resulted in strong altcoin rallies.
* EMA structure shows signs of weakening momentum, with repeated crossovers near resistance, often indicating trend exhaustion.
What to Expect:
* A rejection around the current levels (approximately 59–60%) would be a strong signal for capital rotation into altcoins.
* This zone historically offers a high-probability short opportunity on BTC.D, which aligns with bullish setups across quality altcoins.
* A confirmed breakdown below the channel support would further accelerate altseason momentum.
Invalidation:
* A clean weekly close above the descending resistance would invalidate the bearish dominance view and suggest continued Bitcoin strength.
Conclusion:
BTC Dominance is at a critical decision point.
Rejection favours altcoins outperforming Bitcoin, while acceptance above resistance delays the altseason narrative.
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#PEACE
source https://www.tradingview.com/chart/BTC.D/UotbKIw1-ALTCOIN-SEASON-IS-IMMINENT-IF-THIS-HAPPENS-Must-Read/
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