Attention traders! $BTC is back at $84,400. The technicals showed divergence, and the fundamentals did their work today! We got a sharp move all the way to $84,000, but this isn’t over yet.
There is still a way down to catch up with the long liquidations and retrace the last leg to validate the next surge more authentically. Those levels are $81,800, with the next levels under $80,000.
We are going with the wave, setups shared earlier for BTC and the major alts with a short entry from the $84,500 level toward $81,800, where Target 1 is $82,900.
Direction has shifted to bearish on the 1H timeframe for the majors.
I got this confluence from USDT dominance and RSI divergence to conclude this next move. Fundamentally, we also got strong data for DXY, which means there could be an outflow from risky asset classes into the Dollar Index.
Closing the day here. It wasn’t a really good day, but we got targets done for 4 setups. Short on XRP, while SOL is still running.
With a total of 3 stop-losses on FIL, NIL, and one more, but that’s part of the game. Closing the day in green is the real goal. From now on, I would focus on quick scalps because the market is a bit choppy and didn’t allow us to hold positions for too long.
Stay tuned for the next setup! Take care!
#AIStocksWhatNext #BitcoinRejectedAt$87,300Twice #ZECBreaksAbove$1600AtRecordHigh #BitwiseNEARStakingETPAssetsTop$100M
There is still a way down to catch up with the long liquidations and retrace the last leg to validate the next surge more authentically. Those levels are $81,800, with the next levels under $80,000.
We are going with the wave, setups shared earlier for BTC and the major alts with a short entry from the $84,500 level toward $81,800, where Target 1 is $82,900.
Direction has shifted to bearish on the 1H timeframe for the majors.
I got this confluence from USDT dominance and RSI divergence to conclude this next move. Fundamentally, we also got strong data for DXY, which means there could be an outflow from risky asset classes into the Dollar Index.
Closing the day here. It wasn’t a really good day, but we got targets done for 4 setups. Short on XRP, while SOL is still running.
With a total of 3 stop-losses on FIL, NIL, and one more, but that’s part of the game. Closing the day in green is the real goal. From now on, I would focus on quick scalps because the market is a bit choppy and didn’t allow us to hold positions for too long.
Stay tuned for the next setup! Take care!
#AIStocksWhatNext #BitcoinRejectedAt$87,300Twice #ZECBreaksAbove$1600AtRecordHigh #BitwiseNEARStakingETPAssetsTop$100M
