WBTC is where the entire altcoin conversation eventually leads back to.
The screenshot shows WBTC around 84,620 with a positive 24 hour move. It is holding near the 84,000 region, and that makes the next reaction extremely important.
Bitcoin dominance remains close to 59 percent, meaning Bitcoin still controls a major portion of the overall crypto market. At the same time, the market is showing signs of broader risk appetite. 3
This is the battle I am watching.
If WBTC holds above 84,000 and starts reclaiming 85,500, the market could interpret that as renewed strength.
A move toward 87,000 would then become increasingly interesting.
Above 88,000, momentum could accelerate further.
But if 84,000 fails decisively, I would expect the market to become much more defensive.
Entry Point: 84,200 to 85,500
Take Profit 1: 87,000
Take Profit 2: 89,000
Take Profit 3: 92,000
Stop Loss: 82,800
The key is not simply price.
I want to see volume expanding with the move.
I want to see Bitcoin hold support.
I want to see altcoins react positively instead of immediately losing momentum.
If those pieces line up, the market could be entering a much more aggressive phase.
WBTC is the market thermometer.
I am ready for the move, but I am watching the 84,000 area closely.
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