This is the first healthy price action I am seeing in weeks.

Reclaim >90k and we are kind of back. Before that, it is all hopium unfortuntely.

Right in the danger zone here

🇺🇸🐶 #DOGE #ETF Dogecoin's ETF launch failed to attract any inflows, highlighting troubling trends in the market. link

Second retest

As long as we stay >90k, I believe we can be very very hopeful. So hopeful, that it is more than hopium :)

Gm

In all seriousness, we are still below the 50W MA. First time since March 2023. Current level is 102.4k. We need to break upwards to make this a very big bear trap. Not sure if we can. Last days pump is mainly due to being oversold and SPX jumping quite nicely. It is way too early to celebrate unfortunately.

Coming back over 103k would be the full bullish move.

Before that, we need to remain over 90k

Actually looks promising on ETH/BTC.

!If! we hold here and break the upper green line, we could see some nice days on ETH.

LTF looks decent for BTC. Probably gonna see another leg up if stocks play along

Nvidia rallye looks kind of exhausted.

If I'd made a bet, I'd say sideways/down.

The question is: will profits flow into other stocks/assets?
Past days have shown a clear yes with Alphabet and others pumping quite nicely - holding SPX up.
If this would continue, it would be very healthy for the market but of course there is a big risk of a market wide correction as well.

Very interesting, exactly at monthly candle close, we started the sell-off. This time it doesn't feel like someone dumped big, more like some bots flipped bearish and sold, causing this chain liquidation once again.

What concerns me, is that we went through 89k without a lot of resistance. This is not good but we gotta wait for market opening in a couple of hours.
Unfortunately, SPX futures are also down at the moment with Nvidia also being down again aftermarket.

In general, nothing has changed so far unless we regain the 50W MA... TA is bearish..