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!

It looks like a massive pump is coming.

Important:

Don't get distracted by short-term moves. They are designed to make you doubt and sell your positions.

GM

So far we have another higher low on most coins. BTC has a lot of liquidity above the last swing high at $70k.

FET/ASI

Still bullish on htf.

Remember. Ltf moves are noise.

U.S. Producer Price Index (PPI) data in 25 minutes.

Let's see if that brings some volatility to the market.

This is still in play. Short-term moves don't invalidate the main htf idea.

U.S. Consumer Price Index (CPI) data in 40 minutes.

Yesterday we saw a bullish PPI data, which is an important measure of inflation. In 40 minutes, we have another key report, the CPI. If inflation continues to decline, the chances of a rate cut in September increase.

U.S. inflation down to 2.9%, lower than the expectations of 3.0%

Not as good data as yesterday, but still good. In my opinion, a rate cut in September is more likely now.

Let's see how the market reacts.

ETH

A reclaim of the $2,800 level is key for bullish continuation.

This chart is very interesting.

If we see a breakout of the falling wedge, altcoins should perform very well over the next few weeks.

Bounce incoming, imo.

SOL

Similarities with April-July 2021

The PA of tokens like RARE might be showing us the way.