The dominance index is going up
Interest rates are also rising
On the other hand, the Federal Reserve raises interest rates to reduce liquidity so that people are scared and take their money out of the market.
In this case, the dollar index should increase and banks will become stronger.In addition, we have a gap of $ 24,000 and $ 18,000 in the Bitcoin CME chart.Bitcoin can easily see these areas and fill these gaps, in which case the altcoins will be destroyed.Unless Bitcoin stays in the $ 30,000 to $ 28,000 range And decrease its dominance Which causes the altcoins to increase slightly
Interest rates are also rising
On the other hand, the Federal Reserve raises interest rates to reduce liquidity so that people are scared and take their money out of the market.
In this case, the dollar index should increase and banks will become stronger.In addition, we have a gap of $ 24,000 and $ 18,000 in the Bitcoin CME chart.Bitcoin can easily see these areas and fill these gaps, in which case the altcoins will be destroyed.Unless Bitcoin stays in the $ 30,000 to $ 28,000 range And decrease its dominance Which causes the altcoins to increase slightly