Yesterday’s session was the strongest risk-on move we’ve seen in a while.
• BTC +6%, ripping through shorts with roughly $1.8B in short liquidations and even wicking toward $70K.
• ETH +10%, confirming the bullish breakout I’ve been tracking.
• SOL +7%, XRP +7%, HYPE +20% as strength spread across the market.
• BTC dominance dropped sharply, another positive sign for altcoin participation.
Macro helped too: Treasury yields fell, improving the backdrop for risk assets, while regulatory headlines out of Washington remained constructive for crypto.
Update: BTC has now pushed above the 200-day SMA, strengthening the bullish structure. The weekly chart is also showing a bullish engulfing reaction around the 200-week SMA and 21 weekly EMA
Bottom line: momentum has clearly shifted bullish. I’m not chasing extended candles here, but pullbacks are starting to look much more interesting for longs.
#bitcoin #ETH
• BTC +6%, ripping through shorts with roughly $1.8B in short liquidations and even wicking toward $70K.
• ETH +10%, confirming the bullish breakout I’ve been tracking.
• SOL +7%, XRP +7%, HYPE +20% as strength spread across the market.
• BTC dominance dropped sharply, another positive sign for altcoin participation.
Macro helped too: Treasury yields fell, improving the backdrop for risk assets, while regulatory headlines out of Washington remained constructive for crypto.
Update: BTC has now pushed above the 200-day SMA, strengthening the bullish structure. The weekly chart is also showing a bullish engulfing reaction around the 200-week SMA and 21 weekly EMA
Bottom line: momentum has clearly shifted bullish. I’m not chasing extended candles here, but pullbacks are starting to look much more interesting for longs.
#bitcoin #ETH