Now, the next key support zone is $66,000-$67,000 which could get retested next.
If it holds, BTC could rally towards the $71,000-$72,000 level.
Now, the next key support zone is $66,000-$67,000 which could get retested next.
If it holds, BTC could rally towards the $71,000-$72,000 level.
Meanwhile plenty portfolios panic at minus 5%.
What about you?
Meanwhile plenty portfolios panic at minus 5%.
What about you?
There has been aggressive selling happening on Binance, probably by Garrett Bullish.
IMO, once the selling stops, Ethereum could have a relief rally.
There has been aggressive selling happening on Binance, probably by Garrett Bullish.
IMO, once the selling stops, Ethereum could have a relief rally.
This includes:
Goldman Sachs
Clear Street
Wells Fargo
DRW Securities
JP Morgan Chase
Harvard Management
This includes:
Goldman Sachs
Clear Street
Wells Fargo
DRW Securities
JP Morgan Chase
Harvard Management
Invalidated → breakdown below $67,000
Invalidated → breakdown below $67,000
For ETH, BitMine is still buying, but this can't be said for #$SOL.
Only if on-chain demand accelerates could SOL pump here, as institutional demand is no longer here.
For ETH, BitMine is still buying, but this can't be said for #$SOL.
Only if on-chain demand accelerates could SOL pump here, as institutional demand is no longer here.
This needs to change for any relief rally in #$ETH.
Also, if these stocks continue to perform poorly, there are decent chances that some forced ETH selling could happen next.
This needs to change for any relief rally in #$ETH.
Also, if these stocks continue to perform poorly, there are decent chances that some forced ETH selling could happen next.
Onchain data really matters ☑️
Onchain data really matters ☑️
A 10% drop would wipe out $2.35B in longs. Shorts are way more exposed → current setup favors upside pain & potential forced covering.
A 10% drop would wipe out $2.35B in longs. Shorts are way more exposed → current setup favors upside pain & potential forced covering.
The key level here is $72,000, which will open for a move towards a $76,000-$80,000 zone.
But also keep an eye on the $68,800 level, as it has a CME gap that could get filled next week.
The key level here is $72,000, which will open for a move towards a $76,000-$80,000 zone.
But also keep an eye on the $68,800 level, as it has a CME gap that could get filled next week.
If that happens, Ethereum could rally towards $2,350-$2,400.
A sharp rejection from the $2,100 level could push ETH towards $1,900.
If that happens, Ethereum could rally towards $2,350-$2,400.
A sharp rejection from the $2,100 level could push ETH towards $1,900.
Meanwhile, Layer-1s have performed the worst.
Meanwhile, Layer-1s have performed the worst.
Right now we’re in week 66 of the current cycle, and weekly RSI just dropped below 30 last week.
Has the bottom arrived this time?
Right now we’re in week 66 of the current cycle, and weekly RSI just dropped below 30 last week.
Has the bottom arrived this time?
Classic relief rally vibes.
Classic relief rally vibes.