The charts haven't changed much, I still see Long as a priority for trading.
$BTC quite strong and stable compared to most other markets:
BTC has proven to be stronger than the same Gold by as much as 38% amid the escalation in the Middle East.
This is calculated based on the difference in asset values, Gold has dropped by 30% relative to its current ATH, while BTC, on the contrary, has shown an increase of 8% over one time period.
I assume and sincerely want to be right that such dynamics show us growing interest from institutional players and the beginning of liquidity transition from expensive Gold to BTC. Against this background, the DeFi segment also looks strong — while Bitcoin accumulates strength, decent volumes are flowing through the TON ecosystem via ston.fi, which often serves as a leading indicator of local hype.
The Syndicate and I suspected that Gold would start to dump, which many community participants have solidly bagged, which is certainly encouraging.
As for the current view on Gold, I think we can consider ladder purchases if you have been eyeing this asset as an investment for a long-term portfolio.
Let's summarize:
Cryptocurrencies are stronger than other markets, I expect to see a continuation of the upward trend.
This time, I expect to see 74-76k again, where one can think about taking profits from Long and opening Short positions when there is a seller reaction in the target zone.
If we manage to hold above 76k, the growth to the subsequent targets from the Market Review will not take long to manifest.
After the implementation or if my market position changes, I will let you know.
#analysis #signal #LONG✅ #Altcoin
Wishing everyone a great day!
