In previous posts, we said that from the next quarter, which has already arrived, we can expect the growth of the crypto market to begin.
The quarterly options have expired and now it is time to open positions for the new quarter.
As a rule, this takes 1-3 weeks of the new quarter.

As you remember, the ETH ETFs themselves were already approved a month ago. Now all that remains is to wait for approval to launch trading in these ETF assets.

SEC Chairman Gary Gensler has already stated that the process of launching ETH spot ETFs is going smoothly without any problems. And the launch date of trading depends on how quickly issuers respond to the regulator’s requests.

The market has been falling for the entire current month, without any news. But just yesterday, scarecrows began to appear, saying miners are selling their reserves $BTC , and those affected by the collapse of the MtGox exchange in 2014 began to receive payments.
That is, negative news began to pour in when most of the market had already collapsed, especially alts. Isn’t this close to the culmination of sales on the market 🤷‍♂️

Over the past 4 weeks, the market has seen a massive shakeout of alts, even the most skeptical traders. Some alts managed to fall even under their historical levels of 2017!
And all this against the backdrop of Bitcoin falling by only -10%.

But coins of eternal growth are in no hurry to fall and give a strong rebuff to the seller on the market

Bitcoin is slowly declining, having lost -9% from a local peak and -3.64% since the beginning of this month.
At the same time, many alts fell by -20-30% and even -50-60%!
Most of the alts are already trading at the levels of February of this year; it was in this range that most of the old market players made purchases for their long-term portfolio.

Traditionally, the crypto market is starting to feverishly ahead of the FOMC meeting, which will be held tomorrow. Moreover, consumer inflation data will be released tomorrow. A very important day, which logically should determine the further vector of market movement. But this no longer works at the current stage. Below we will explain why👇

Before reading this post, we recommend that you read our past posts.

Today Bitcoin breaks through a 3-month sideways pattern in the form of a bullish flag upward. Also, the local Triangle pattern was successfully broken.

All that remains is for the price to gain a foothold above these patterns during this week and then you can open the champagne 🍾

Friends, we want to congratulate you not only on the beginning of summer, but also on the positive closing of the monthly candle
Bitcoin.

The previous monthly candle closed, almost blocking the entire previous red monthly candle, thereby forming the Clearance in the Clouds candlestick pattern.
Moreover, such a price rebound occurred from long-term moving averages, which only strengthens the bullish signal for Bitcoin and the market as a whole.

Last week set a positive fundamental vector for market movement in the medium term.
There has been a lot of positive news for crypto: the approval of the ETH ETF, an excellent report from Nvidia, Trump’s public statements about supporting crypto, positive economic data in the US, and much more.

A big surprise for many was yesterday’s official decision to immediately accept 8 ETH ETFs from you.
Before approval, the standard haircut of lovers of large shoulders took place with the help of a stuffing about the rejection of the application for an ETF.

Nevertheless, the ETF was approved and many people probably opened positions with large leverage on this news. The only question is who now predominates in the market, shorts or longs.

To determine what stage the market is in, we really like to look at the dominance indicators of all popular stablecoins.
The data showed the "health" of the market, that is, whether growth in the market occurs organically or artificially.

So, if the dominance of stablecoins decreases, then these stablecoins go into the market for the redemption of cryptocurrencies

Last week we said that until Bitcoin breaks $71,000, our priority scenario would be to continue trading inside the sideways/bullish flag.
BUT Bitcoin has successfully broken through the sideways/bullish flag upward and is making attempts to consolidate higher.

As we found out in the past 👉

Read

Previously, we described a lot of facts in favor of the imminent start of market growth:
1️⃣
Bitcoin after halving. Why you shouldn't sell your assets
2️⃣ Текущий боковик Биткоина может закончится на этой неделе!
3️⃣ Альты готовы к взлету и что будет с Биткоином? Большой обзор

Yesterday the long-awaited listing of the tapalka game coin NOTcoin took place.
Many were able to earn good money for their time spent in this game.
Some decided to keep the coins with the hope of growth in the future, while others turned everything into a profit.

🔍 But what is this generosity auction for?

Those who have been subscribed to the channel for a long time should remember our post about the PEPE coin 👉

📈 Purchase of Injective
Ticker: INJ

💡Entrance price: $22.7
🦌 Stop loss: $19.92(-11.39%)
🎯 Goals: $29.8$36.9$40.9$

Risk profit: up to 6.5 to 1

The coin entered a medium-term upward trend, which successfully kept the price from falling below the entire 2023-2024 year. At the same time, unloading overbought indicators.
Locally, the bullish Wedge pattern is finishing forming, which is confirmed by bullish divergence.

We would like to remind you what happens to the price of Bitcoin after halving in the medium to long term. Spoiler: the price is rising
Look at the picture where the blue lines indicate the dates of past $BTC halvings.

🚀 As you can see, after halving, the price begins to grow wildly after several months of consolidation.

For another week in a row, Bitcoin closes above the key support level of $59,500, leaving shadows below.

In this case, the actual closing of each weekly candle is lower than the previous one.
During this sideways trend, previously strongly overbought indicators continue to cool.
And the index of fear and greed has already dropped to neutral levels from extreme greed.

For another week in a row, Bitcoin closes the weekly candle above the key support level of $59,500.
This time, a bullish Hammer reversal pattern was formed on the weekly timeframe.

❗️Remember, last week 👉

Remember
we considered the fall as the removal of stops beyond the border of a 2-month sideways pattern, which is a bullish Flag figure. During this fall, we recommended buying the market, which is what we did.

Many of you may be wondering why we are so confident that the crypto market rally will continue in the medium term.
There are a lot of facts for this besides those already stated earlier.
☠️ The index of fear and greed today dropped to the Fear mark.
At the same time, the largest whale wallets are actively accumulating BTC

How quickly people's moods change. Literally 2 months ago everyone was buying the market at a high, and now everyone is in a panic selling their assets at a loss.

In past posts, we have repeatedly explained that in the future the market will do everything to take your positions.
This is especially true for positions with leverage from which the market has finally been cleared, and this can be seen from the liquidations, which during the current collapse amounted to only $480 million🩸