#GMX/USDT ANALYSIS GMX is holding above the 50MA, which is acting as a strong support level. Price structure remains bullish as long as it stays above this support.
Beneath the surface, capital keeps choosing the leader. Every altcoin tier has spent years falling against Bitcoin, and that long bleed flattened out this spring into the most constructive altcoin floor of the downtrend. Over the past week the slide quietly resumed, small caps giving ground against BTC as the market pushed higher. That is the healthy version of the rotation.
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1. 🇺🇸 **US ADP Employment Data Announced (05/08 15:15)** 2. ▪️ ADP Private Sector Employment: 44 thousand (Expected: 70 thousand) 3. **Evaluation:** ADP data that is below expectations may strengthen interest rate cut expectations by pointing to a cooling in the US labor market. 4. This situation may support risk appetite by creating pressure on the dollar index and trigger upward mobility in BTC and altcoins.
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- $BTC 2026 Bear Market Structure update - So far so good 👌😎 - However, $BTC is holding a little better than expected. - Anyway, **the final leg down of this bear market is coming** 📉🩸
In his statement to Fox News, Trump said that US-Iran talks were "progressing very well" and that there was a possibility that the Strait of Hormuz could be reopened soon.
1. Iranian state media opposed US President Donald Trump's statement that the Strait of Hormuz could reopen soon. 2. Media outlets stated that a possible agreement between Iran and Oman does not mean the reopening of the strait in the short term. 3. Iranian state broadcaster IRIB stated that the Strait of Hormuz will remain closed if the US continues the steps that Tehran describes as "violations".