Still looks weak despite the big pumps on $BTC yesterday, so i still lean towards further downside if you cannot flip the high at $67. No entry yet for me.
It's the first time since the summer of last year that it has broken above crucial resistance levels (MAs) on the daily timeframe.
That means -> buy the dip territory on this one. I do expect to see a strong continuation here, and I'm going to be actively trading $SOL in the coming months, as this will probably continue to run until August/September.
$BTC Historically, price and RSI have respected the trendlines multiple times, with each touch marking either a local top or bottom. As long as price remains below both trendlines, I expect further downside. $RIF
UPDATE: 🔥 Solana $SOL now hosts more than 1,000 applications and processes over 100 million transactions per day on average, according to Grayscale Research. $POND
Bitcoin $BTC is currently trading at $60,743 and is testing the $61,000 resistance for the second time.
This is the level I'm watching.
We've already seen a strong reaction from the $59,000-$59,500 support zone, which tells me buyers are finally starting to step back in.
Now they need to prove it. If Bitcoin can reclaim $61,000 and hold above it, I think there's a good chance we see a move towards $63,500, where the next major resistance sits.
But until that happens, I still see this as a relief rally inside a market that's trying to rebuild after weeks of selling.
Lose $61K here, and I wouldn't be surprised to see another test of the $59K region.
The next few 4-hour candles are going to be important. If buyers can turn $61,000 into support, I think momentum starts shifting back in their favour in the short-term. $POND
🔥 UPDATE: Ethereum $ETH Foundation published Ethereum Basics for Governments and Institutions, a non-technical primer for policy and deployment leaders.
$BTC slipping below the $60K level has brought more pressure to the market, with ETF outflows showing that some investors are reducing exposure.
But underneath the price action, another trend is developing. Long-term holders appear to be absorbing more of the available supply, a sign that some market participants are looking beyond the short-term weakness.
This type of activity often shows a split in the market: short-term traders react to volatility, while patient investors focus on longer-term positioning. $NFP
$BTC The micro structure remains choppy and corrective, with a potential bear flag forming. Trading inside a bearish pattern isn't ideal. Better to wait for a confirmed breakout before taking a position. 📈📉 $SYN
$XRP is sitting at a key level right now, and the next move could set the tone for what's ahead.
The selling pressure has eased, but I don't think the market has confirmed a real reversal yet. Right now, XRP is trying to establish support around the $1.02-$1.04 zone. If buyers can hold that area and start creating higher lows, confidence could slowly return.
For me, the bigger signal isn't just a green candle it's breaking back above the most recent lower high. Until that happens, any rally still looks like a temporary bounce within the larger downtrend.
Volume will likely tell the real story: • Strong buying volume on a breakout could signal the start of a sustained move higher. • Weak volume into resistance may simply lead to another rejection.
So what's your take? Does XRP print a new higher high first, or do we see one more lower low before the trend changes? $JTO
The $SOL sharp recovery from the $65 sweep tells me buyers are still defending higher-timeframe demand. More importantly, SOL price has reclaimed the short-term range and is now pushing into the $72-$73 resistance. This is where the market decides.
A clean close above this zone with sustained volume opens the door to a move toward $75-$77. But if volume fades here, expect another retest of $69-$70 before any continuation. The trend is improving. Wait for confirmation above resistance or buy the retest after the breakout. Right now, bulls have the momentum. They just need to prove they can hold it. $JTO
$BTC : The price experienced a sharp decline. I have defined a resistance zone for a wave-(4) high. A decisive break above $63,151 would suggest that the yellow roadmap is taking the lead. $QUICK
$63,200 test is coming. Now if we reclaim into support then we can argue a case to long scalp up to $63,700 to begin. If we test and reject, then i will be looking to short $HEI
🚨 UPDATE: SuiNetwork powered Bitcoin $BTC finance protocol Hashi is gearing up for its global testnet launch this July, backed by a growing institutional coalition that now includes Cumberland, Fluid, and SwissBorg. $HEI