Market makers appear to be testing the resilience of market participants 🧐

After moving towards the upper end of the consolidation again, the price tested the resistance zone and started to decline. While the price of $BTC remained relatively stable, many altcoins saw large fluctuations of 5-10%, causing many market participants to sell their positions and exit the market.

A long period of consolidation is usually a bullish sign. While we expect a minor decline, this situation provides an opportunity to buy at a discount.

bitcoin 

At present, the 67.2K support is working well again. Now it needs to break the downtrend or rise above 69.3K to continue to rise.

ETHFI

At the moment, there are too many people asking. It corrected 70% of the rise we achieved. The FIB of the upward move we are currently experiencing is at the 0.382 correction level.

There are high chances of a rebound but if the decline continues then $4.20 will be the closest support level.

VANITY

It is looking nicely to retest the resistance it broke. As long as BTC continues to stay above 67.2K, I think it will maintain this support level.

BABY

As it stands now After we set the target, it entered a correction which brought 95% profit.

Since it is above the ATH level, there is no sideways data to look at to predict the magnitude of the correction, so the Fibonacci rates will give the best results.

When we plot the Fib from the level designated as the retest to the highest level, which I designated as the ideal correction corresponds to the level specified in the chart.

FLOKI

As it stands I mentioned the possibility of doing a correction after making the bowl shape and with this correction making a handle next to the bowl, and now he is doing the correction.

The area I have highlighted in blue on the chart is currently the strongest area of ​​support and we are almost there now. If Bitcoin allows, it has the potential to rise again at these levels.

MEME

As it stands, it managed to close above the resistance level I mentioned after I posted yesterday.

(We even made some nice profits in the copy trading sector by getting in and out at good places) Currently retesting this resistance area which is more clearly visible especially on the 4 hour chart.

When the uptrend starts again, it will target the level specified in the chart. Keep an eye on it.