We have witnessed notable movements in the performance of $BTC and $ETH over the past 24 hours, but all eyes are now on the altcoins that have started showing positive "divergence" signals on the daily frame.
Why is this timing critical?
Acquisition: The stability of Bitcoin acquisition gives smaller coins space to breathe.
Liquidity: We notice the entry of new institutional liquidity through large time frame funds.
Technical support: The leading currency is trading above key golden support areas, which enhances confidence.
BTC76,265.25+0.37%
Advice for traders:
Do not chase long green candles. Wait for a pullback at support areas before making an entry decision. Risk management is more important than quick profit!
Do you expect the consolidation to last or a breakout of the currencies?