$BTC
If we were in a bear market, this would've dumped hard, no question about it. But with the bulls running this strong right now, it ain't necessarily gonna play out like that
Ignoring indicators and pumping anyway is classic bull market behavior, innit? Though, looking at where we are, there are definitely a few resistance levels popping up
Still, I reckon it’s more likely we push a bit higher to 88K or 90K, hit the brakes there, and take a quick breather
First off, both the 3-day and 5-day charts have moving average resistance sitting right around that 88K zone
On top of that, that area is a heavy supply zone where price chopped sideways for ages back at the start of the bear market. I don't see us dumping right from here and leaving such a juicy resistance level untouched
$ETH
Plus, looking at the 6-hour and other timeframe candles, we haven't seen that proper blow-off top climax candle just yet
So, the most likely play in my book: a fast push up to 88–90K, followed by a short-term pullback down to around 86K
$SOL
#CircleLaunchesInstitutionalBTCBackedBorrowing #BTC
If we were in a bear market, this would've dumped hard, no question about it. But with the bulls running this strong right now, it ain't necessarily gonna play out like that
Ignoring indicators and pumping anyway is classic bull market behavior, innit? Though, looking at where we are, there are definitely a few resistance levels popping up
Still, I reckon it’s more likely we push a bit higher to 88K or 90K, hit the brakes there, and take a quick breather
First off, both the 3-day and 5-day charts have moving average resistance sitting right around that 88K zone
On top of that, that area is a heavy supply zone where price chopped sideways for ages back at the start of the bear market. I don't see us dumping right from here and leaving such a juicy resistance level untouched
$ETH
Plus, looking at the 6-hour and other timeframe candles, we haven't seen that proper blow-off top climax candle just yet
So, the most likely play in my book: a fast push up to 88–90K, followed by a short-term pullback down to around 86K
$SOL
#CircleLaunchesInstitutionalBTCBackedBorrowing #BTC
