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Few print new low
Few print new high
Many continue chop zone.
It is Crypto Summer
400M$ opened and closed in few hours.
Chop zone continues.
#WIF & #PEPE
Same formation
Looking for great returns once BTC back to bullmode.
There is no profit for Miners at current rate 60k.
Similar situation was at 15k.
#1000PEPE had a good consolidation while BTC ping pong in chop zone.
Once BTC back to bull mode PEPE will be a winner.
#BTC
EMA25 (Orange line) is a boundary
- Plan A: ( on going)
Rejected and Trading below EMA25 => Bears.
- Plan B: If price remains sideway in next 7-14 days below EMA25 and suddenly there is a bounce with daily closing above EMA25 => Bulls will be back.
FTT up BTC down
It's not about the price. It's an indicator.
Miners produce 900 btc per day ~ $50M
Yesterday & today ETFs bought much more than miners sold daily.
Shock Supply Liquidity is the matter of time.
JUST IN: 🇺🇸 SEC to file lawsuit against Robinhood's crypto business, issuing a Wells Notice to the company.
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It's likely ALts have to suffer before BTC really does the 6th.
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the good case: Bull breaks successfully at the 5th.
The bad case: Bull breaks successfully at the 6th.
Total market volume dropped to lowest level since Feb 24 or Q4 23.
A calm before a big move.
#ETH breaking down this support will lead alt liquidation cascade of weak coins.
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A giga whale in Binance opened a big long with size 200M$ at 62k8
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Bullish Falling wedge with the consolidation of negative funding & supporting at Electricity cost.
It should bounce with good timing.
Timing market is everything #BTC
There is no profit for Miners at current rate 60k.
Similar situation was at 15k.
Alts market is facing a crash today like what happened at 13th or 30th April.
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Normally It took 50-60 days to consolidate before big moves (yellow parts)
We are already in this consolidation zone in 57 days.
Will be interesting to see the data of ETF Inflow today.
There was a turning point at last Friday.
Weekly remains holding the range low.
expected to back the range high next.