#Market_Update #BTC ๐ฅ
โ
so i regularly do a "health check" on the market - and look at 3 key charts
- spx for the general market trend
- $BTC for well, btc
- total3 for an idea on how alts are looking
it's proven to be a simple way to be "in sync" with market sentiment
here we go...
1/ spx ( s&p500 index ) ๐
๐กlooks healthy & in an uptrend
could see some chop/correction into end of June though
2/ btc ๐
๐ก kinda healthy, but the current support needs to hold.
if the 65-67k support is lost, 60-63k is next.
3/ total3 ๐
this includes the total crypto marketcap minus btc & eth
๐กlooks okayish, but pretty much depends on btc
could dip a bit lower into the major (thick blue) support area
that may mean 10-20% dips in alts across the board...
Verdict?
- in the short term (next week or two) we could see some downside into end of June if BTC loses 65k...
- for investors, however, nothing much has changed. Probably just some chop before acceleration to the upside
anyway - do reshare and like if the post helped you! :)
