BTC: Watching the 28k retest, altcoin rotation next?

asked by u/arjunnair · 9d · 0 answers

Been closely watching $BTC after that move up from the mid-20s. The retest of the $28k area seems pretty crucial right now. I'm seeing it as a potential pivot point; holding above it gives me more confidence we could see a continued grind higher, maybe towards $30k and beyond. Failure to hold here, though, and a dip back below could easily target the $27k or even the $26.5k level again, invalidating the current upward momentum for me.

From a macro perspective, the slight weakening in the dollar, especially visible in pairs like $USDTHB moving up to 33.76, could be a tailwind, making risk assets generally more attractive. If $BTC can consolidate here, I'll be looking for signs of altcoin rotation. Often, a strong BTC move is followed by alts catching up, provided BTC doesn't just nosedive. Still early days, but the setup is interesting.

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