Bitcoin Holds Support Above $27k While Altcoins See Short Opportunities

Bitcoin price is wobbling but holding support above $27,300, while altcoins are suffering and seeing potential short opportunities.

Bitcoin dominance has hit a 3-month high of 51.35% as money rotates out of altcoins into BTC.

Traders are watching to see if Bitcoin can break back above $28,000 which could open the door to $30-40k.

Altcoins are being "hammered" with major support levels breaking down, providing short opportunities.

Bitcoin needs to hold above $27,200 to avoid short opportunities, while $27,300-27,400 remains an important support zone.