#Bitcoin is breaking the level I mentioned yesterday.
If we get a daily close below it, I’ll consider a short toward the 75k area. This would also work as a hedge against the #Ethereum long I shared with you.
$TNSR gave a breakout of the falling wedge #pattern and tapped into the resistance area exactly. Price rejected it and now made a new lower low, reached the support zone too. Once the price breaks the area, you can build a short position and go long only after the rejection in HTF. #crypto
#BTC slowly rising and showing a #shift in market structure, with the market attempting to sustain above the level. Price is going well, and hoping to reach the other end of the market around $71,250 - $71,450. Short-term alts rally expected. #crypto
According to CryptoQuant, retail participation in the market has nearly vanished. Historically, mass retail capitulation has tended to occur in the late stages of a #Bitcoin correction, not at the beginning. When small investors exit en masse:
While this doesn’t guarantee an immediate reversal, past cycles show that periods of minimal retail presence have often preceded the formation of a local or macro bottom for Bitcoin. Retail fear is peaking, and historically, that’s when the market starts setting the stage for the next move. 💛
$BTC has convincingly reclaimed the key $67,700 level! This opens gates to the upper bound at $71,700. the only level to reclaim before that is $68,600 - $69,000. Note that today is Friday, an important session for the U.S. stock market. Bulls have all chances to win this local battle! #crypto
“In just 100 days, the #crypto market has erased more than $730 billion in value. What we are witnessing is an unprecedented short-term capital flight, deepening the contraction of the #crypto #crypto ”