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Feb 28, 2024
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Simple personal considerations on: $ETH $BTC $SOL At this moment #Bitcoin has all eyes on it, there is a lot of liquidity, you have to be careful with levers and not panic, otherwise you only risk making big losses. Having touched its resistance of 64K without breaking it, I imagine a price correction in the next few hours, towards 57K, the only good glimmer of opportunity to let the #Alts take a breather, hoping to lateralize. As usual, every time Bitcoin rises, the other Alts struggle a lot to keep up with it. In this case on #Ethereum we can see how this sudden flash dump on BTC made it lose ground especially as its main resistance approached: $3500 Not good, since unless the price of Bitcoin is collateralized or a rise that, in the short term, takes us to new highs, Ethereum only risks losing even more ground. (see ETH/BTC daily chart) It wouldn't be bad if it managed to keep the daily close above $3300. Similar considerations on #Solana which however, unlike Ethereum, seems more solid, given the structure that it has been creating for several days now. Clearly, being an altcoin, it too has gained little with this rise and risks losing ground in the event of Bitcoin retracements. #Write2Earn‬ Charts: - BTC/USDT - ETH/USDT
Simple personal considerations on: $ETH $BTC $SOL

At this moment #Bitcoin has all eyes on it, there is a lot of liquidity, you have to be careful with levers and not panic, otherwise you only risk making big losses.
Having touched its resistance of 64K without breaking it, I imagine a price correction in the next few hours, towards 57K, the only good glimmer of opportunity to let the #Alts take a breather, hoping to lateralize.

As usual, every time Bitcoin rises, the other Alts struggle a lot to keep up with it.
In this case on #Ethereum we can see how this sudden flash dump on BTC made it lose ground especially as its main resistance approached: $3500
Not good, since unless the price of Bitcoin is collateralized or a rise that, in the short term, takes us to new highs, Ethereum only risks losing even more ground.
(see ETH/BTC daily chart)
It wouldn't be bad if it managed to keep the daily close above $3300.

Similar considerations on #Solana which however, unlike Ethereum, seems more solid, given the structure that it has been creating for several days now.
Clearly, being an altcoin, it too has gained little with this rise and risks losing ground in the event of Bitcoin retracements.

#Write2Earn‬

Charts:
- BTC/USDT
- ETH/USDT
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