Binance futures & spot signals

Altcoins are demonstrating strength as they bounce from support levels, while Bitcoin Dominance breaks the uptrend line. This signals a positive outlook for altcoins, and we may see a continuation of the downward movement in BTC Dominance toward the 51.90%-52.15% support area.

The price of W has attempted to surpass the resistance area, but it was rejected. However, the price is still near the resistance area and appears to be holding strong. There is a possibility that we may see a break of this resistance area. If the price breaks and closes above the $0.69 level, you may consider opening a long position.

Bitcoin is unable to hold the $59,000 level and breaks below it. As warned price was dumped hard after the breakdown. We may see some sideways movement here and a test of the $59,000-$60,000 area before the next move.

APE analysis: Price is currently approaching a support area and it's recommended to wait for new entries. We plan to open new long positions near the support area. Support Area: $0.99-$1.04 Resistance Area: $1.25-$1.31

Sharks and whales are engaged in a fierce battle to unload their Bitcoin holdings. According to Glassnode data, wallets ranging from under 1 BTC to over 10k BTC are collectively offloading BTC, marked by red sell-offs, while green indicates accumulation. The current phase reflects that of August to October 2023 when BTC price consolidated around $26-27k before soaring to $73k. This correction is pivotal to alleviate the FOMO built over months, fostering a healthier market for sustained growth.

ETH Analysis: ETH is currently trading within a falling wedge pattern, with the price testing a significant support area. Expect potential sideways movement near the support area. Falling wedge patterns typically signal bullish trends and often break out in an upward direction. Keep an eye on ETH for a potential bullish breakout.

The altcoin market cap (TOTAL2) has once again reached the support area, signaling a potential opportunity for accumulation before the next move. Consider accumulating your favorite altcoins during this period of consolidation.

Bitcoin has failed to maintain its uptrend and is currently testing the major support area of $59,000-$60,000, which was expected earlier. This is a crucial zone for BTC, and a break below $59,000 will likely bring about panic and more selling in the market. Therefore, keeping a tight stop loss in all open positions is recommended. The next good support level will be in the $50,000-$53,000 area. The news about CZ's 4-month imprisonment is the reason for this dump.

Breaking: CZ sentenced to 4 months in prison

GAL analysis: Price is currently at a support level and needs to hold for a potential bounce towards the resistance level. Consider opening a small long position with a tight stop loss. Support Area: $3.40-$3.65 Resistance Area: $4.83-$5.11