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Believe it or not, but during long up trends, at some point you start wishing it ends because of the energy/time/sleep it takes up. But you keep going anyways knowing those conditions aren't forever. In times like now, you should value those things and preserve
$BTC Chart as easy as I can make it right now. I think the easiest thing you could do here is wait for either a close back above ~$89K or when its trading near ~$73K. The area BTC is trading at right now has been a big fight around the Daily 200MA/EMA and the $85K horizontal
Weekly RSI Levels in the market have bounced somewhat but is still at a low average of ~38. This was previously around the 30s which is pretty much bear market territory. Which of course has been the case for a lot of alts. What I like to see here is the fact that the left side
$BTC Has traded with a Coinbase Price Discount recently. This has been due to heavy ETF selling and overall strong spot selling during this sharp sell off. Which was paired with overall market weakness in the stock market as well. Keep an eye out for when this turns back into
$BTC Weekend time. Since volatility and overall headlines were much lower last week and into the weekend, I think there's a good chance for us to just chop sideways again. We've had some volatile weekends previously where gaps were created as price moved during the weekend. As
$BTC Is trading back below the Bull Market Support Band. This is something we've seen a few time already this cycle, especially last year during the Summer chop. It is a sign to be cautious, just like it losing the Daily 200MA/EMA. But as long as price is trading in close
$BTC Two levels stand out from a liquidity perspective. Above, $96K is key. This marked the top during the illiquid Sunday push after the random Strategic Reserve announcement. Liquidity is pretty high above that point and I'm assuming there's quite a few short stops placed
$WLD I'd get interested in a potential play upon retaking these previous lows. That would turn this current dump into a nice deviation. I do think Sam Altman has quite the pull to get this thing going and stop it from dying if he ever desired to do so. Even without that, just
Besides the Coinbase Rank not being able to move back into the top 100 for a long time. We've also really seen the complete lack of interest in Moonshot & Phantom. Both were heavily affiliated with the meme coin & $SOL ecosystem mania. Both have completely died off in terms of
$BTC Still fighting that Daily 200MA/EMA and previous support. Looking at the higher timeframe, the bulls would want to get back above ~$89K-$90K to really turn this around. Key level to hold on the daily candle is $84K-85K to not risk falling back to the local lows.
$ETH Had a nice move after breaking the local resistance. Did fill up most of that inefficiency I highlighted prior. That $2100 level will remain key for continuation as it's also the big high timeframe support/resistance level throughout this cycle. Things wouldn't start…
$BTC And there it goes.
$BTC $400M in Open Interest added just now, going into the Digital Asset Summit where Trump's recording about his Crypto Strategy is expected to be shown soon. Good luck out there warriors, be nimble ️
$BTC That's the second gap closed as well. No more major gaps open in nearby proximity now.
$BTC Has seen a $1.5B Open Interest increase since yesterday. $ETH Has seen about $500M. Most of this was already put on due to the move into FOMC and afterwards. Some of it has already closed out as well. Don't think the expectations for Trump's recording today are very high…
$BTC Took out the local liquidity above and has now been consolidating. The bulls would want to hold on to the $84K-$85K region to keep the momentum. Otherwise you're at risk of visiting those lower liquidity clusters which then can end up in a full retrace as price is still…
This is really cool to see from $CPOOL. One of the few teams that have been shipping new updates throughout this rough period in the market.
Some really neat applications being built on top of @0G_labs already which is great to see. I am enjoying this approach of new chains that aren't directly launching without anything built on top of them. Much more user focussed doing it the other way around.
$ETH Now trading at levels not seen since late 2020 relative to $BTC. This has been one brutal downtrend and I think it's going to be unlikely to see this anywhere near its highs anytime soon. Yet, even a "small" bounce to one of these previous levels from 2-3 months ago could…
$UNI There's the next one