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إظهار المزيد6 191
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6 191
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6 191
Another huge win! JASMY/USDT broke below the 8-hour support and delivered 195%+ profit. 💰
6 191
BTC/USDT rose up and tapped into the drawn resistance area, from which it was rejected.
Looking at the bullish market structure, we can see a breakout very soon, but the next resistance is very near at $84,600.
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BTC.D is going sideways now, and the breakout will determine market moves, as a rise in dominance will lead to lower prices in altcoins.
BTC slows down, then the market will rise a little.
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BTC/USDT is now building a falling wedge pattern, but price is still inside the interval with mixed sentiment in the market.
Waiting for the price to break the highs/lows or for a pattern break.
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6 191
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6 191
BTC/USDT is still moving sideways, with little activity.
The price is still building the right shoulder of the Head and Shoulders pattern.
Let it build successfully and break in either direction.
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BTC/USDT is still going nowhere and remains inside the channel, having just reacted near the support line.
The market can still move higher until resistance, but the price has slowed down a little, which might be concerning.
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Options buyers paid for upside during the rally.
Since the price rolled over a week ago, budget shifted to puts, with one large put trade dominating the end of that swing.
Call-side spending has dropped sharply versus last year. This is not panic hedging.
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The cost of downside protection collapsed to almost nothing on July 21, the same session Bitcoin printed its local high after a run up off the June low.
Hedges were sold into the top, and the deleveraging that came with the rally left the market leaning into the move that followed.
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BTCUSDT had a very strong move up and a very bullish candle straight to the resistance around $78,150.
If today's candle closes this strongly, expect a shallow retracement followed by another leg up.
Therefore, the week might include a retracement phase.
