Two things happened this week that changed how I'm thinking.
The recent surge in DOT, which is up 4.52% and currently trading at $1.3170, and the steady performance of BNB, which is up 0.97% and currently trading at $658.72, are making me consider a bullish outlook.
If BTC can break through the $78000 level, I'd consider entering a long position with a stop-loss at $76500 and a take-profit at $80000.
The fact that ETH is currently trading at $2119.40, down 0.64% from yesterday, is also a factor to consider in this scenario.
If, on the other hand, XRP falls below $1.30, I'd be more cautious and consider a short position with a stop-loss at $1.35 and a take-profit at $1.20.
The current price of XRP, $1.3538, and its daily movement of -0.57% are key indicators to watch in this scenario.
I think the first scenario is more likely, given the overall market sentiment and the recent performance of top performers like ICP, which is up 4.3%, and NEAR.
The fact that SOL is currently trading at $86.76, with a daily movement of 0.34%, also supports this outlook.
Overall, I'm feeling bullish about the market, especially with the recent success of oli futures contracts and the growing interest in crypto from underallocated investors.