$67k holding once again. Let's see if that was the local bottom and we see higher prices soon.

BTC - Zoomed in

Range formed between 67k-69k.

So far, the range low has been holding well. We just saw a deviation below it. As long as it stays above this level, it should go higher. Clean break above the range high = 74k-76k (main scenario)

Clean break below (no deviations) and the next support would be 65k.

I wish you all a nice weekend!

ZCX update

Wrong on the previous idea.

It broke support and is going lower than expected. It's currently touching another major support, and the selling volume is decreasing, so a bounce is expected. If this support doesn't hold, I will start cutting the position.

GM

BTC trying to break above 69k.

BTC breaking above 69k ✅

I will post the weekly overview soon.

Quick Weekly Overview

Today, June 3:

-GME stock up 75%


Tuesday, June 4:

-Australia's first spot Bitcoin ETF with direct BTC holdings to go live on Tuesday



Wednesday, June 5:

-Blockchain Expo North America



Friday, June 7:

-Nonfarm Payrolls for May
-Unemployment Rate for May



Analysis

BTC has broken above the range high (69k), which is a good sign for bullish continuation.

This week we could see more development for the Ethereum ETF. The SEC's approval of the 19b-4 filings for a spot Ethereum ETF is a significant development. BlackRock and others have updated their S-1 filings, disclosing the fees, and indicating that the ETF could start trading by the end of June or maybe even before.

NVDA stock remains very strong, showing a clear bullish trend. This could affect the crypto AI sector in a good way, especially if BTC remains bullish.

GME stock just pumped 75% pre-market, now retracing a bit after the stock market has open. This could be good for the memecoins sector.

As mentioned in the previous update, if BTC stays above $60k (ideally above $65k), altcoins could still give very good returns. With memecoins leading, other interesting sectors should be: AI, RWA, Ehereum ecosystem, Solana ecosystem.

Keeping an eye on OTHERS, OTHERS.D, ETH/USD and SOL/USD.



Conclusion

No changes so far. This is a good scenario for a potential altcoin run.

ETH

New ATH soon?

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https://x.com/CryptoCapo_/status/1798730920742064393

SOL

New ATH soon?

BTC

Up ✅
Down ✅
Now up again?

ZCX

Decent bounce so far. It has to reclaim $0.22

Remember, dips are for buying until proven otherwise.