🚀 Crypto Market Update & Technical Analysis
🟢 Bullish News & Positive Signals:
• Altcoin Season Index is rising + CZ calls this the “FOMO season” → signaling emotional growth in altcoins, especially in short timeframes.
• Fear & Greed Index hits 74 → market is in a greedy phase; growth continues but a correction might be near.
• Goldman Sachs: Possible rate cuts from 2025 → expectations for a looser monetary policy, which is good for risk assets like BTC and ETH.
• Whales and institutions buying ETH (over 50K ETH in 48 hours) → suggests accumulation or preparation for the next Ethereum rally.
• $332M inflow into U.S. Ethereum ETFs → strong mid-term bullish fundamental for ETH.
• A whale withdrew 76,000 SOL from exchanges → usually a sign of HODLing and price growth expectations.
🔴 Warning News & Caution Signals:
• Bitcoin selling by long-term holders (high CDD) → selling pressure near historical highs could slow the rally, but not end it.
• Whale opened a 10x leveraged DOGE long ($19.82M) → could cause high volatility and liquidation risk for traders.
• TRON rings Nasdaq bell but TRX is negative → promotional event, but no strong demand reaction.
• BNB market cap surpasses Starbucks, but price is negative → long-term positive, but short-term market may be overheated.
• High Greed Index → short-term correction risk for BTC and alts.
✅ Analytical Summary (News + Charts):
• If technical signs of selling appear (especially on BTC or ETH), take them seriously as news supports selling pressure from some whales.
• Big institutional entries into ETH and SOL confirm the strength of the bigger trend.
• Market is emotional but still has a strong support base under BTC & ETH. Possible corrections = better buying opportunities, not exit signals.
📊 Technical Analysis
Strategy I use:
I analyze HWC (1D), MWC (4H), and LWC (1H).
Entry is based on breakouts in MWC (4H) and confirmation in LWC (1H).
♦️BTC/USDT♦️
• BTC is moving in the 116.2 – 120 range, keeping a bullish structure intact.
• I will not look for shorts as long as 110 holds.
• To keep the bullish scenario alive, we need high volume and sharp candles to break 121 – slow moves won’t work anymore.
• Stop-buy orders near 121 can be used to enter a long if the breakout is strong.
♦️BTC Dominance (BTC.D)♦️
• After a sharp drop last week, BTC.D is now correcting.
• Key level 61.31 was broken.
• The next resistance zones are 62.17 – 62.74 (currently being tested).
• If BTC.D holds above these levels, altcoins could see a bigger drop.
• If BTC.D rejects this zone, alts near breakout points will become our focus with better entry levels.
♦️USDT Dominance (USDT.D)♦️
• Showing signs of forming a bullish structure.
• Next resistance levels: 4.36 – 4.44.
• For a bullish continuation in coins, 4.14 must break down.
• Early but important level: 3.83 – if reached, we must rethink position management.
TOTAL / TOTAL2 / TOTAL3 /♦️ ♦️OTHERS.D
• Currently bearish, but BTC.D and USDT.D will show earlier signs of whether the correction is ending.
• Key levels to watch:
• TOTAL: 3.91
• TOTAL2: 1.55
• TOTAL3: 1.08
• OTHERS.D: 8.05 (a lower high may form if the uptrend resumes).
♦️ETH/BTC♦️
• Key level: 0.02975 (not reached yet).
♦️ETH/USDT♦️
• 3470 is the crucial level to keep the bullish structure.
• Many buyer orders (maker/taker) are stacked here, so the breakout may not be easy.
• Possible fake breakout in this area → could reset the bullish scenario again.
🎯 Conclusion:
The altcoin market correction is not over yet, but BTC & ETH are holding key support zones.
Focus remains on BTC.D and USDT.D.
If BTC breaks 121 with volume and dominance drops, it’s a green light for altcoins.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.