GM!

Alert was triggered for "caution". This means that the first invalidation is close (clean break below 67k)

However, demand remains strong here and there are some hidden bullish divergences. A reclaim of 69.5k would be the confirmation for bullish continuation.

BTC update

67k has been broken. However, the demand remains strong.

Basically:

-Reclaim of 67k = bullish
-Acceptance below 67k = 65k, which is another strong support

Based on indicators, I think the reclaim of 67k is a likely scenario, and this PA would be a deviation.

Just wait and see.

67k reclaimed.

Let's see what happens now.

Nice bounce so far.

Longed RNDR.

Added more here. Avg. entry = $8.89

BTC update

67k is being used as support again. The next bullish confirmation would be a clean reclaim of 69k. That would give alts some room to bounce.

Very ugly PA ngl. It has to bounce soon or I will start closing positions.

Indicators remain strong and that's why I'm sitting on my hands, but it has to bounce soon.

65k is the last line of defense.

BTC - Zoomed out

65k is support until proven otherwise. If it holds we should expect another move up.

Price acceptance below 65k = 58k-60k (previous liquidity zone)

ETH/BTC

It looks bullish.

Added more to the SOL and RNDR longs.

ALTCOINS

Green zone is support but we have to see a bounce soon.

If green holds then we should expect a move towards the red zones (T1 and T2)

If green doesn't hold, then blue.

Judging by sentiment and indicators, I think the bullish scenario is more likely.

Very strong 4H candle. Local bottom could be in.

GM

The market took the ltf low again. BTC is holding above 65k, but alts are suffering much more. It is what it is.

Overall it looks like a local bottom formation. Sentiment and fundings too negative, bids getting filled and everything very oversold.

Still expecting a strong bounce.

Important reminder

Surviving in the market is more important than making money. The crypto market is volatile, and even if the main idea might be right, there will be shakeouts along the way. Some tips:

-Understand that the crypto market is volatile. There will be fluctuations.

-Always have invalidation points and stick to them (this is difficult because of emotions).

-Define and control your risk according to your portfolio size. Never bet more than you are willing to lose.

-Have a long-term / high timeframe perspective. This will help you a lot.

BTC - Zoomed out

65k is support until proven otherwise. If it holds we should expect another move up.

Price acceptance below 65k = 58k-60k (previous liquidity zone)