$BTC Weekly Update:
Last week's $BTC closed really well, finishing above 0.5. If we see a dip to 0.5 (around 79K), that's a prime long entry.
If the HTF closes below 0.5, the market will shift fully to bearish.
However, we need to keep in mind that BTC is nearing the final stage of its upward movement. While we watch BTC, let’s also keep an eye on ETH and altcoins.
Many altcoins have already broken out of their bottom consolidation, so if we see a pullback, look for long opportunities.
$ETH Weekly Update:
For ETH analysis, we’ll use the $ETHBTC pair. ETH's price action relative to BTC is lagging; if they were in sync, ETH should be priced at 2500+.
From the ETHBTC chart, we can see the price has once again dipped back to the bottom of the consolidation zone.
This week, expect ETH and altcoins to outperform BTC in terms of gains.
Note: In the broader context, as long as BTC doesn’t exceed 98K, we remain in a bear market; currently, this is just a bear flag rebound.
Correspondingly, U.S. stocks, particularly the Nasdaq, are also approaching their end.
Last week's $BTC closed really well, finishing above 0.5. If we see a dip to 0.5 (around 79K), that's a prime long entry.
If the HTF closes below 0.5, the market will shift fully to bearish.
However, we need to keep in mind that BTC is nearing the final stage of its upward movement. While we watch BTC, let’s also keep an eye on ETH and altcoins.
Many altcoins have already broken out of their bottom consolidation, so if we see a pullback, look for long opportunities.
$ETH Weekly Update:
For ETH analysis, we’ll use the $ETHBTC pair. ETH's price action relative to BTC is lagging; if they were in sync, ETH should be priced at 2500+.
From the ETHBTC chart, we can see the price has once again dipped back to the bottom of the consolidation zone.
This week, expect ETH and altcoins to outperform BTC in terms of gains.
Note: In the broader context, as long as BTC doesn’t exceed 98K, we remain in a bear market; currently, this is just a bear flag rebound.
Correspondingly, U.S. stocks, particularly the Nasdaq, are also approaching their end.
