I want to be very honest. Btc looks fucked rn

While BTC rugging the market, SOL hits the top of this historic channel.

Just a general market statement for the current situation:

BTC has this week to reclaim the ATH.

Consistently staying below is bearish and the longer we cannot reclaim 69k, the more bearish it gets.

!!!However!!!, this does not mean that alts dump into oblivion now.

The next steps are not as obvious as, we have to adapt to the new market hints in the coming days.

^(we still can have an alt season even if BTC doesn‘t reclaim and just relaxes a bit here, every alt position is just a lot riskier right now)

Wait, didnt they boot him?

JUST IN: Vanguard CEO says they will not offer spot Bitcoin ETFs because "it does not belong in a long-term portfolio" and it's "not a store of value."

@WatcherGuru

Pump from here and we gucci and forget everything above

Seems like we got a ltf resistance. Need to break

I hate to be that (capo) guy. This could be a normal retracement but considering we broke down the ATH we might have topped

Ofc. But countertrade this troll

Bounce incoming imo.

:/

Btc 69k retest incoming.

Close to testing.

Current state for me:
- As long as we are below 69k, I am short to mid-term bearish for BTC. I expect a rejection, at least on the first try. We have to check where we consolidate and find a bottom
- I am short-term bullish for alt coins. I expect them all to go up for the next days/weeks until BTC volaitility spikes again.

69k retest ✅

Now we have to not retrace big and break 69k to invalidate a potential head and shoulders top pattern.