Now that we got this "Blue Moon" reset ritual over, it's time to evaluate the situation. There's mostly bearish scenarios out there but I can't entertain such idea BEFORE the 57K turns into resistance!
I know everyone is calling 30-50K but this market typically likes to surprise the majority.
I'm not even calling this to be 💯 happening, but I am saying that this looks like a Wyckoff accumulation.
Bottoming until October 6, 2026. Sideways s-show. Longs and shorts gets rekt all over again. Everyone confused..
With this scenario we would get:
⭐️ 1 Year bear (as always...) ⭐️ -70K pull back (MM's love numerology) ⭐️ Most bears would be left behind.
THIS IS HIGHLY SPECULATIVE, SO TAKE IT WITH A GRAIN OF SALT!!!
#OTHERS vs. $BTC needs to backtest this escaped descending channel (imho) We didn't quite reach there with this "Blue Moon" dump.
Meaning: Alts may still bleed against $BTC in June. $HOME But after the retest (if successful) the new uptrend can be formed and alts should outperform BTC moving forward!
$ETH #ETH🔥🔥🔥🔥🔥🔥 is currently holding at a critical level and has been struggling to break it for the past few days. If price breaks above the horizontal resistance and the descending trendline, we could see a strong bullish rally in the next few days. However, if the lower trendline breaks, a temporary bearish move may happen first. Right now, we are not anticipating any direction — these are simply the technical scenarios based on the current structure.