Bitcoin

A sell signal was recently given on the short-term Bitcoin chart. This development has garnered interest as it predicts that Bitcoin (BTC) could see a correction in the next 1 to 4 candles.

On Bitcoin’s 4-hour chart, the TD Sequential indicator is flashing a sell signal, suggesting that the current uptrend may have run out of steam and a short-term pullback could be imminent.

While the TD Sequential is no guarantee of future price action, its historical accuracy may suggest that it is a prudent indicator for traders focusing on short-term price action.

Despite the sell signal, it is important to consider the broader context of Bitcoin’s price action.

BTC is currently hovering around $65,400 after hitting an intraday peak of $66,772.

On the altcoin front, the market is mixed

On the bright side, Chainlink (LINK) is leading the pack, rebounding more than 13% in the past 24 hours.

Other projects such as Sei (SEI), Core (CORE), Sui (SUI), Beam (BEAM), Conflux (CFX), Lido DAO (LDO), Fantom (FTM), Immutable (IMX), THORChain (RUNE), Ondo (ONDO), Arweave (AR), Hedera (HBAR)... increased by 3-5%.

On the contrary, Stacks (STX), Helium (HNT), Render (RNDR), Ethena (ENA), dogwifhat (WIF), Starknet (STRK), Wormhole (W), Optimism (OP), Toncoin (TON), Maker ( MKR), Dogecoin (DOGE), Chiliz (CHZ), ORDI (ORDI)… lost 4-7% of their value.

Ethereum (ETH) continued to fall by nearly 3% yesterday, following the previous day’s price increase which reached a local peak of $3,041.

ETH has moved back below the $3,000 mark and is currently priced at around $2,950.

(Personal opinion, not a recommendation)

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