Bitcoin (BTCUSDT) Breakout Watch | Key Resistance Test at 110221Bitcoin made a strong push toward the 110221.73 resistance level with a solid bullish candle backed by notable volume. Although I personally did not enter a long position, as it did not meet the criteria of my strategy, the move had impressive momentum and clearly showed bullish intent.
🔍 Current Market Position:
We are now at a crucial technical level — our previously defined long trigger at 110221.73. If price manages to break this resistance cleanly, it could activate the High Wave Cycle (HWC) structure again and allow the primary uptrend to resume.
📌 Volume Insight:
Throughout the move from 101546 to 110221.73, volume has increased steadily — a positive sign suggesting strong buyer commitment. Moreover, the price has successfully created higher highs and higher lows within this range, signaling early signs of trend continuation.
This current test of resistance marks the third touch of our major range ceiling — a point where significant breakouts often occur. I’ll be closely watching this zone for confirmation to open a long position on BTC.
🚀 BTC Dominance & Altcoin Strategy Update:
Alongside BTCUSDT, I’m also monitoring BTC Dominance (BTC.D). Interestingly, while BTC price moved higher, BTC.D showed a slight decline — a positive signal for altcoin traders, as it often reflects capital rotating from Bitcoin to altcoins.
For a true altseason setup, we need to see BTC.D form a clear bearish structure — ideally, a downward leg, a consolidation (pause), and then another leg down. That would give us the confirmation needed to enter strong altcoin positions with better confidence and clarity.
⏰ Final Thought:
We are at a critical moment. If BTC breaks 110221.73 with momentum and volume, not only will it confirm our bullish bias, but it will also reignite the broader uptrend and give us a green light to become more aggressive in both BTC longs and altcoin plays.
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