what about alts ?
is there any chance we can see an alts rally to heights of December 2024?
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CRYPTO MECHANIC
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Let me quickly summarise Bitcoin on Daily and weekly timeframe for you.
BTC (Daily)
The structure is bearish as long as we don't see a break above $116k.
$107 is the key daily support in my opinion if price can hold that we will eventually see a breakout of $116k.
BTC (Weekly)
The structure is bullish as long as Price is holding above $98k on weekly closing basis.
Everything happening in between is just a noise.
So what we have?
Bearish Daily chart with key support around $107k
Bullish Weekly chart.
BTC (Daily)
The structure is bearish as long as we don't see a break above $116k.
$107 is the key daily support in my opinion if price can hold that we will eventually see a breakout of $116k.
BTC (Weekly)
The structure is bullish as long as Price is holding above $98k on weekly closing basis.
Everything happening in between is just a noise.
So what we have?
Bearish Daily chart with key support around $107k
Bullish Weekly chart.
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