BTC, the local support zone of 65,000 was held. Bitcoin is on it right now. The local upward movement on the current ones is not broken. To continue the local upward movement, it is necessary to break through and consolidate above the level of 70,000, within a few days. It is also the level of the previous local peak. In any case, it's a matter of time before this happens, there's very little time left for MM and Whales to correct.
withdrawal from exchanges exceeds input - correlation
Altcoins continue to experience pressure, but their prices did not fall below the correction levels that were at the beginning of the month, the reversal pattern also remained. And many altcoins are now in the area of the local fibonacci line of 0.618-0.786. The dominance of Bitcoin at least continues its local correction, while the dominance of Altcoins adds a little. The dominance of Altcoins is also approaching downward trends, even a sideways breakdown of these trends can give an impulse to altcoins. MM and Whales also have minimal time left for correction. Let me remind you that we are at the beginning of a new cycle and 90% of altcoins of the Altseason were not even close!
withdrawal from exchanges exceeds input - correlation
Altcoins continue to experience pressure, but their prices did not fall below the correction levels that were at the beginning of the month, the reversal pattern also remained. And many altcoins are now in the area of the local fibonacci line of 0.618-0.786. The dominance of Bitcoin at least continues its local correction, while the dominance of Altcoins adds a little. The dominance of Altcoins is also approaching downward trends, even a sideways breakdown of these trends can give an impulse to altcoins. MM and Whales also have minimal time left for correction. Let me remind you that we are at the beginning of a new cycle and 90% of altcoins of the Altseason were not even close!
5 months ago
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