Since the big bounce on tech stocks at the end of last week, we have seen $BTC and Crypto severely underperform again.
As mentioned before, it really is a liquidity rotation. Crypto was a good speculation vehicle when everyone's favorite memory stocks were down -50% in the matter of weeks, but with bounces there, crypto has been lagging again.
There is some low timeframe correlation between the two still, but in this current market environment, I think $BTC and crypto would ideally see a sideways stock market for some time.
The more action there is in the stock market, the more it will attract speculation and investors. It is something we've been seeing for a long time now.
Price is approaching a key resistance zone after a recent recovery, with buying momentum beginning to fade. Lower highs and increasing selling pressure suggest sellers remain in control. As long as $0.0472 remains untaken, downside continuation toward the listed targets remains the higher-probability path.
Price is holding above a key support zone, with buyers continuing to defend the current range. Higher lows and strengthening momentum suggest bulls remain in control. As long as 0.000845 holds, upside continuation toward the listed targets remains the higher-probability path.
Price is holding above a key support zone, with buyers continuing to defend the current range. Higher lows and strengthening momentum suggest bulls remain in control. As long as 0.0314 holds, upside continuation toward the listed targets remains the higher-probability path.
Price is holding above a key support zone, with buyers continuing to defend the current range. Higher lows and strengthening momentum suggest bulls remain in control. As long as 0.00410 holds, upside continuation toward the listed targets remains the higher-probability path.
Price is holding above a key support zone, with buyers continuing to defend the current range. Higher lows and strengthening momentum suggest bulls remain in control. As long as 0.255 holds, upside continuation toward the listed targets remains the higher-probability path.
Price is holding above a key support zone, with buyers steadily defending the current range. Higher lows and improving momentum suggest bulls remain in control. As long as 0.00465 holds, upside continuation toward the listed targets remains the higher-probability path.
Price is holding above a key support zone, with buyers continuing to defend the current range. Higher lows and strengthening momentum suggest bulls remain in control. As long as 0.01010 holds, upside continuation toward the listed targets remains the higher-probability path.