There is a silence before the storm in the market.
We are on the brink of major price movements.
$BTC has formed a clear bearish structure, the target is around 66K.
However, it is not guaranteed that it will work.
More so because the price could not acquire liquidity in the EQL region below, it is trending downwards.
The potential reversal point is in the idm and Ob region. This is my expectation as well, but the presence of liquidity below has not been good for the progression.
What is healthy is at least for it to acquire the liquidity around the $83,822 region.
It can continue, but right now we are in challenging market conditions in terms of altcoins.
In such times, you have to be content with small profits, or if an average altcoin moves up by 40%, think about placing a stop just above your entry level...
The market made us accept 40% while we don't like gains below 2X...
$ENSO $ZKC $TURTLE E $YB + $KITE (I shared the chart)
These seem like they've bottomed out, but keep in mind that they are completely risky; I didn't invest heavily in these, and if they go up, they can quickly make a few X.
If an altcoin you bought goes up by an average of 40%, set a stop above your entry point. If it makes 2X+, take your principal back and continue with the profit.