Technical analysis by Shotokhan about Symbol BTC: Sell recommendation (10/4/2024)

If the break out from this bull flag will happen in this month I expect a retracement to the middle fo the flag (more or less 58K or a bit lower) and then a pump toward the break out. DXY is going up but so BTC.D as you can see here:I always expected BTC dominance to reach 60%, this could in part lead to BTC price going up as I don't think all the money would flow into fiat or stablecoins. However if we remain on BTC chart analysis on 4h there is a bullish DIV on RSI and a hidden bullish DIV on OBV. Moreover with the weekly shaping this way it's really unlikely we'll see a green candle this week, so plenty of time to make a new local low.Take the occasion to buy the alts you think are interesting and with good potential.Good luck.Eventually BTC did went in the 58 tecnically, it touched 58.9K I think, not really the 58K but close.I think this might still go lower though, check the weekly chart