Hi all!
So, looking at the 1D TF, I can safely say that for now we are following the decline scenario that I voiced in previous reviews. Before the weekend there was a slight increase in volatility and now we see a rather weak reaction from the support zone of $59,500-61,000. Globally, I still expect a decline to the $50,500-53,000 zone, and in the near future I do not exclude local growth to the levels of $65-66K, where a whole bunch of factors and levels await as resistance (50DMA 1D, lower limit $65,500-69,000 , +slope resistance of the downward channel). If we look at 4H, 6H, 8H TF, then for all of them we will see that the price rests at 200DMA. On 1D and 3D we hit 21DMA. While the price is below them, it is more likely that we will continue to decline from the current ones within the descending channel.
Now let's look at the#Totalcapitalization chart and see that we are now testing the mirror zone of 2.12-2.2T. It is unlikely that they will be allowed to fall below it, except perhaps in the form of another LP. And if we compare it with the Bitka chart, similar levels are located in the area of $52K and $48K, which I mentioned as the nearest powerful support.
Ether continues to weaken against Bitcoin and is approaching global mirror support in the $0.04-0.042 zone, which they will try to hold. Ether against the dollar is still under 21DMA 1D and in the near future I expect a retest of 200DMA 1D at the intersection with the middle of the downward channel.
So, friends, prepare your sleigh in the summer, or rather, you can slowly collect your portfolio of altcoins for those who have not yet started doing this.
