The Cryptorphic™

$BTC Update:- BTC is now testing the $60.8k resistance for the 6th consecutive day. The more a resistance level gets tested, the higher the probability of a breakout. A bullish RSI divergence is still in play on the daily timeframe, suggesting that bearish momentum is gradually weakening. I’ve also marked the major resistance levels on the chart. Two possible scenarios: Scenario 1: BTC breaks above $60.8k and slowly pushes towards the $64.2k resistance to print a lower high, followed by another pullback to form a triple bottom before the next major move higher. Scenario 2: BTC gets rejected here, sweeps the recent lows, and then starts the next impulsive move to the upside. Given the current market conditions, it’s difficult to make a high-conviction call. However, if you’re looking to accumulate for the long term, this is the kind of area where slowly laddering into spot positions starts to make sense. The downside risk from here is relatively limited compared to the potential upside. If BTC reaches $165k over the next 12–18 months, many people will look back at this chart wishing they had accumulated instead of waiting for the perfect bottom. Most people don’t miss the bottom because they fail to recognize it, they miss it because they’re waiting for a lower price that never comes. I still see plenty of $30k BTC calls. While anything is possible in crypto, I don’t think that would happen. My preferred accumulation zone remains between $58k to $43k. I’ll be sharing a detailed chart with all the key support and resistance levels soon, explaining why I believe this zone offers the best risk-to-reward. Stay tuned, bookmark this chart, and follow the updates. DYOR. NFA. If you trade futures, feel free to sign up on Bitunix using the link below to enjoy some of the lowest trading fees and one of the best trading interfaces in the market. By signing up through my link, you’ll also be supporting the channel. Link: https://www.bitunix.com/register?vipCode=Cryptorphic

Bitcoin is still trading inside this range and holding above the key support zone. Every bounce is getting rejected below the descending trendline and the 200 MA, keeping the short-term trend bearish. As long as support holds, we could see another relief bounce. But a breakdown below this support would likely open the door for a bigger move to the downside. Keep an eye on this range. The next breakout could decide Bitcoin's next major move. 👀 https://x.com/Cryptorphic1/status/2072283160281538663?s=20

ETH Update ETH is still respecting the descending trendline as resistance on the 4H timeframe, and for now, that keeps me cautious. As long as price continues trading below this trendline, I'm not interested in longs. I'll be watching for another rejection from this area, as it could lead to further downside. For the bulls to regain control, I want to see a strong 4H close above the trendline. Until then, I still favor the bearish outlook.

Altcoins worth $3.5B will be unlocked in July.

Crypto Market May Be Nearing The End Of Bear Cycle CryptoQuant believes the crypto market may be approaching the end of the bear cycle. BTC long-term holder MVRV has dropped to 1.24, its lowest level in three years, and historically such levels often appeared closer to the end of bear markets.

USDT.D: Holding above this level on the daily tf isnt a good thing for alts.

ONDO is showing a small bounce toward the resistance zone, but for now, it looks like nothing more than a simple retest after losing key support. The price is still trading below the descending trendline and the major moving averages, keeping the overall structure bearish. If this retest gets rejected, sellers are likely to step back in and push the price toward new lows. https://x.com/Cryptorphic1/status/2071597048156307506?s=20

#Bitcoin has broken below an important support level and is now trading beneath the key horizontal support zone. At the moment, there isn't any major support sitting below the current price, which leaves room for further downside. We could see some sideways movement before the next move, or price could continue dropping directly from here. As long as Bitcoin remains below this level, the bearish outlook stays intact, and another leg down looks increasingly likely. $BTC

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USDT.D: Still looking bullish (bearish for alts). Holding above the feb high. Need a close back below this level on the daily for alts to have a chance at a bounce !

$SOL Result: +13% 😎

$ETH Update 🎯 Trade played out exactly as expected. ETH hit our target, and the short setup worked perfectly. Hope you caught the move. More setups coming soon.

Massive exchange sell-off. CryptoQuant analysts detected extreme bearish pressure as aggregate Taker Sell Volume surpassed $2.07 billion across all exchanges in just one hour. This sudden surge in market orders signals widespread panic capitulation among traders or aggressive spot distribution by major institutional players.

$BTC : 21EMA is acting as resistance on the daily.

$SOL Update 👀 Look at the accuracy, price followed the path almost exactly as expected. SOL has now broken below the rising trendline and lost key support. The next thing I'm watching is a retest of that broken trendline. If the retest gets rejected, I expect more downside from here. Let's see how the market reacts. 👀