📈 Bitcoin has failed to reclaim the important $60k support area in recent days ❌

With additional selling pressure from disappointing US economic numbers, the price dipped further below $55k today.

The analysis is simple here, BTC remains in its 6-month range and accumulation continues with very likely an imminent retest of the bottom of the pattern in yellow towards $49k -$50k.

Will we have a final retest of the bottom of the pattern before the bullish explosion with around $90k by the end of the year? This is the scenario I favor after a halving that is moving further and further away and a very long accumulation that is making some lose patience and hope 😴

The technical side is not so bad, however the economic context will have to follow, because unfortunately the crypto market remains very sensitive to it.

We have been patient, and we will have to remain so for a few more weeks, but let's not give up 💪

#Bitcoin Many were talking about bull trap when we retested the 61k.

Result: we are at 63k.

Graphically and psychologically, there was NOTHING bearish.

When you see the so called top traders saying "I'm selling" at 49k, it's because the manipulation to eliminate weak hands has worked.

#Bitcoin rebounded very well, going from 49k to 56k following the drop.

However, there is no point in rushing, 49k is probably not the bottom

As a reminder, Iran has not yet taken action

The carry trade operations on the yen are not over… there are still 40 to 50% left according to JP Morgan. It remains, also on this point, very unstable. We could have a new shock

🟡 After falling to $49k this morning, Bitcoin has already risen by +12.50% and is back above $55 ,000

Daily Memecoin Recap - July 21

Great volume today as $sol reaches $185

Plenty of metas emerged

Elon Musk Changes His Profile Pic
$dmaga -> hit $76m , "Dark MAGA", Elon's new pfp was made by the people behind this coin, plenty of whales involved
$darkelon -> hit $3 .6m, @elonmusk 's new pfp has a dark filter
$laser -> hit $3 .3m, "Laser Eyes"
- Elon's new pfp is him with a dark filter and laser eyes
- $dmaga drained a lot of liquidity from the market

Betas Emerge from Dark MAGA
$lmaga -> hit $330k , "Light MAGA"
$dpepe -> hit $313k , "Dark Pepe"

Joe Biden Withdraws From Presidential Election
$boden -> $17 .8m to $5 .48m (-69%), down 99%+ from All Time High, redacted JoeBiden

$joever -> $520k to $2 .88m (5.53x), "It's Joever"
$byeden -> hit $1 .4m

Kamala Harris Coins
$kama -> $10 .15m to $30 .5m (3x), redacted KamalaHarris

$kto -> hit $1 .8m, "Kamala Take Over", Kamala + CTO wordplay
$cumala -> hit $1 .2m, "Cumala Whoris"
$KaBooty -> hit $349k

Mini Breaks ATH
$mini -> $1 .9m to $32 .8m (17.3x from the low)
$bigi -> $6k to $1 .69m (281x), mini derivative, was a dead coin that got CTO'd & onboarded some KOLs

Zoomer Memes
$trench -> $115k to $1 .15m (10x), "The Trenches"
$chance -> hit $320k , "Take A Chance", popular sentence on twitter

Popcat Is The First Cat Meme To hit $1b MC
$popcat -> hit 1.02b

Cat Memes
$ily -> $52k to $3 .5m (67x), CTO, cute cat
$mew -> $293m to $684m (2.33x), finally broke a recent high
$baba -> hit $858k , small cat
$mavis -> hit $410k , tiktok cat
$jamie -> hit $360k
$beami -> hit $310k

Dog Memes
$billy -> $93m to $224m (2.4x), continues to make new ATH's
$popdog -> $1m to $6 .3m (6.3x), $popcat derivative
$ray -> hit $2 .1m, CTO
$boo -> hit $1 .4m, hyped launch

More Cooks
$mother -> $27 .7m to $90 .2m (3.25x), IGGYAZALEA
still putting in work
$bear -> $7 .2m to $23 .6m (3.27x), new ATH
$autism -> $4 .14m to $7 .38m (1.78x)
$ethereum -> hit $3 .5m, "Ethereum On Solana"
$alpha -> hit $950k , CTO, pushed by KOLs on twitter
$down -> hit $455k
$hawkptah -> hit $446k , based on elonmusk's tweet
$nuts -> hit $430k
$larry -> hit $286k , Based on Larry Fink (CEO of BlackRock)

This week is looking like it's going to be VERY good

If majors continue to pump, there's going to be more quality launches

If you weren't locked in before, now's your chance 🔒