Bitcoin showed no reaction after the drop; it continues to hover under the level. Most likely, this indicates a continuation of the decline. You can consider a Long position in the 61,000–60,000$ area.
And, in fact, $60,000 may not hold the price either. It’s quite possible that this is the start of a more global sell-off.
The price structure within the current range shows clear signs of a Type 2 accumulation according to Wyckoff.
Testing the Order Block is highly likely to act as a catalyst for the further development of the upward IOF and will create optimal conditions for opening a long position with a potential upside of ~61%🦈
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Price is trading above the daily Order Block and is maintaining an uptrend structure on the 4H timeframe.
For the next leg higher, I’m considering a scenario where we need to see weakness in USDT.D and continued growth in BTC. In this case, XRP could move another +4–6% from the current levels.
For now, I’m holding the position and watching the key zones.
What do you think about XRP right now? Are you expecting an impulse, or do you prefer waiting for confirmation from BTC and USDT.D?
Right now the price is trading in the range of 63,000 – 64,500$. After a strong CPI, the market bounced a bit, but it still hasn’t shown a strong impulse.
Key zones:
📉 Support: • 62,500 – 61,400$ — area of interest + uncollected liquidity • Below 61,000$ — a deeper demand zone 📈 Resistance: • 65,150 – 65,800$ — the top of the current range • 67,500 – 68,200$ — the next significant level (a target for many longs)
On the 4H timeframe, the structure looks neutral-bullish. For further growth, it would be good to see a test of the lower boundary of the range, followed by a bounce and an increase in volume.
For now, I’m holding long positions on the heavies (as I wrote earlier), but I’m controlling the position size. I’m waiting either for an upside breakout with volume, or for a test of support for a possible add-on.
What do you think about the current range? Are you expecting a test of 61.4k, or are you already expecting a breakout of 65.8k?
Educational post: How I analyze the market and which tools I use
Many people ask what I look at before making a decision. Here are the main tools and the approach I use every day: 1. TradingView — the foundation of everything Here I break down market structure: - Local and global trend - Key levels and zones - Imbalances (FVG) - BOS / CHOCH
SOL - we are also standing at the same level; if we want to see growth towards the target of $89–$91, we need to hold the range and for BTC to hold $63,000; then I expect Solana at $89–$91
#BTC - if we want to see growth toward the 68000-70000$ range, we have to hold the 63000-62700$ range. Also, I want to close the hedge shorts there (I hope there won’t be a mistake) and add to the long toward the upside targets.
The main thing is that it doesn’t go to the old target at 60600$—which we ignored three times. If it had been closed, I would have entered a long position with increased volume.
#ETH - It broke out tightly; it came into the short-term and support zone around $2,000 and received a reaction from it. If we want to see growth above that, it’s absolutely necessary to pull the local liquidity at least from the 4H (the “imba” is below), and then continue in line with BTC (if it gives confirmation at 63,000 and a long reaction). — then I’d expect $2,050–$2,100.
If the range is not held, we may see ETH around $1,650–$1,700.
BTC - if expecting a further long scenario toward $67,500–68,200, ideally you’d want to see it after a 4H imbalance test from below in the $63,900–$63,500 range; I would try a long there.
The daily timeframe looks like it’s heading to $68,000.
Here either you can try a 1/4 from the current levels, and if they give a 4H “imba” test from below, then you can add there.
ETH - toward the $2,000 area.
In that range I’d close the long positions and build shorts.
From tomorrow I’ll be back at my workplace; when I return home, we’ll watch the market 🫂
BTC and ETH are at very sharp peaks without a pullback, which tells me they could push the price up to 63,000–64,000 on BTC! 📈
At 64,000, the main downtrend line passes and a strong level is there!
What worries me more is ETH, which is rising too strongly and is outperforming Bitcoin by 2x, more than even altcoins can boast!
⚡️ I'll close the BTC short to zero and keep the ETH short running so I don’t overstate the risk! Because they can push even higher by another 2%!
The 4H and 6H divergences have already played out, and the RSI is overheated! Plus the stochastic is overheated too!❗️ The rise won’t last long...
And the most frustrating part is that I bought a lot of spot at the Bitcoin price of 58,000, and it didn’t go up at all—altcoins are, day by day, frustrating me into forgetting about them! $BTC