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🔄 Alternative Scenario & Trade Plan If the price breaks and holds above the 24h high (0.12330), the short thesis is invalidated. In that case, wait for a new higher low to form before considering a long trade for trend continuation.
Disclaimer: This is not financial advice. Always conduct your own research (DYOR)
Reason: Our last limit long on ETH missed by $36 (and would've hit all 3 TPs). The current price action is showing very good momentum post-Fusaka upgrade but looks to be cooling off as it nears resistance of 3270 and the daily StochRSI becomes overbought. It's also forming a double bottom which would play out perfectly with a retest of 3050 before higher. I still strongly believe ETH will pump more (ETH pumped 55% within 1.5 months post-Pectra upgrade in May), but would rather be patient at a lower entry than buy at the top. As always, manage your risk and DCA accordingly.
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After a nice rally today BTC should be hitting some resistance at 92-93.5k I dont expect we will just easily punch through this zone on the first attempt and in particular some of the weaker alts that are up double digits today should give back some/most of those gains in the next 48hrs.
We've singled out $DOT as a weak L1 with decent liquidity and a bearish HTF structure. BTC is still a ways off of 93.5k major resistance so this call is going out early. Remember to DCA entries for best results.
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Elon Musk says Bitcoin could end up as the only currency in the future. His point is that Bitcoin is tied to energy, and that changes everything.
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VIP MARKET UPDATE: $BTC ➖➖➖➖➖➖➖ BTC has been rejected from the descending trendline of the channel and is now attempting to hold above the marked support.
A bounce could be expected from this level, while a breakdown of the support may signal a deeper correction toward the channel’s lower trendline. ➖➖➖➖➖➖➖
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DOT is trading inside a tight range around $2.30, collecting liquidity after the recent drop. The $2.25 – $2.35 zone is acting as a battlefield, with neither side showing strong momentum.
BULLISH: ✔️ A breakout above $2.35 could push DOT towards $2.60 if volume steps in.
BEARISH: ❌ Losing $2.25 opens the door for a drop toward $2.12 as the next support.
For now, the structure remains neutral–bearish until price breaks decisively above or below the range.