🚗 #GateSquareCommunityChallenge# Round 1 — Who Will Be The First To The Moon?
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📅 Ends at 16:00, Sep 17 (UTC)
📈 Market Analysis: Sudden volatility, BTC dominance dip — what’s next? 🤔Hello, crypto enthusiasts! 👋 The market is surprising us again. Just when everyone got used to the relative calm, bam! — and volatility surged sharply. 📊💥 The Bitcoin dominance index (BTC.D) has slightly retreated, and this makes everyone ask one question: "Is this a correction before a new surge to $100K or the start of the altcoin season?" 🧐
Let's analyze both scenarios. 👇
📌 Current situation: What's happening? Volatility is off the charts! 😵💫 The price of BTC is making sharp movements in both directions. This is classic behavior at key levels. Traders are in indecision: locking in profits 🤚 or buying on dips 🤲.
The BTC dominance index (BTC.D) is decreasing. It has slightly retreated from ~55%. This means that capital has started to slowly flow from Bitcoin into altcoins (alts). This moment has been awaited by everyone! 👀 #TopContentChallenge#