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CRYPTO MECHANIC
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Bitcoin
doesn't look that bad, Broke out of the ATH sitting well above it still
But when you look at the Altcoins, That's another story
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I personally don't think we will see another capitulation on Altcoins because Alts already capitulated last week. Maybe another retest of the last lows (Potentially higher low) on most Alts. if BTC continues to show weakness and decides to take out the liquidity under $90k but I don't think Alts will drop like it did last week. We'll see where it ends.
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$BTC Continues to show weakness as it got rejected from $99k - 100k zone Surprisingly Alts are holding better and it's because Alts capitulated already so least likely we see the same move on alts we saw last week. I'm looking at this zone for BTC to find good support as its a good zone in my opinion.
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How many of you think the top on Bitcoin is in ? Or is it just a corrective wave?
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Just like most of the other coins $SEI Also sitting at an important zone imo.
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A quick update on $BTC Bulls needs to reclaim $100k and holds up there.
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