BTC is approaching 69k-70k.

It could be a good time for BTC to chill a bit while altcoins start to outperform.

GM

Green morning for altcoins, with SOL leading. This might be the start of the season where altcoins outperform BTC.

Let's see how things develop over the next few days.

I hope you had a good weekend and I wish you a great week ahead!

US Government moves ~30k BTC ($2B) to a new address

This is FUD imo. Everything looks bullish, especially altcoins.

69k-70k acted as resistance, and price has retraced to 65k-66k.

I'm expecting a bounce soon.

Market is starting to bounce.

FOMC and monthly close today.

Let's see 👀

The market went a bit lower after the FOMC, but charts look bullish here.

Bullish continuation is just a matter of time.

GM

Verry strong demand here. Strong bounce incoming, imo.

Cheaper prices and the market about to bounce.

I'm adding more to my altcoins bags.

So many doubters here as soon as things don't go as expected. In part, it's normal normal, because this consolidation is being very long. However, don't stick with the first impressions that this might give you. Investigate deeper. Think deeper.

I will just say one word:

HOLD

ETH

Key level here. It has to hold on a higher time frame basis. Deviations below are allowed.

ETH just took the low.

It needs to bounce here.

BTC

Testing the previous liquidity zone as support.

I'd say this is support and the entire movement from the high is a consolidation before higher, but same as with ETH, a bounce is needed asap.

SOL

Same htf support.

The support levels didn't hold and the market dumped hard. Not what I expected nor wanted to see, but it is what it is.

At this point it doesn't make sense to sell. I'm just holding my spot bags. No leverage at all.

Maybe it's wishful thinking or gut feeling, but I believe this dump could be fully retraced quickly.

SOL

Amazing 3-day candle.

A higher low here would be ideal.

Higher low ✅

Now we need a clean reclaim of 60k.

Current market situation:

BTC reclaimed 60k, which is bullish. Now the next bullish confirmation would be a clean reclaim of 69k + the descending channel which would break the structure of lower highs.

As long as BTC keeps forming higher lows from here, altcoins could give better returns.

Next week I will be more active again. Have a good weekend!