#BITCOIN Bullish Trend & Altcoins Bull Rally;
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- The market has been quiet with Bitcoin dominance increasing, affecting altcoins, especially meme coins.
- Low volume over the weekend, but new capital and volume are expected on Monday.
🪷 General Market:
- Technically, the market is bullish, with bullish breakouts since last week.
- ETF inflows are positive, including Grayscale, Ark, IBIT, and FBTC.
- No major economic news is expected this week.
🪷 Bitcoin:
- Despite being technically bullish, a pullback is possible due to low volume.
- Open interest is healthy, but a bigger pullback could occur, potentially to $66,000 or $65,000.
- A pullback and support touch, followed by a recovery to $69,000 or $70,000, is expected.
🪷 Altcoins:
- AI coins (e.g., Fetch, AXT, Ocean) may move significantly, but be cautious due to a potential "sell the news" effect after Nvidia earnings.
- Render may be volatile due to news; be careful when trading.
- Meme coins (e.g., BONK, PEPE) are interesting, but buying now may not be a good idea; wait for a bullish breakout.
- Phantom and Link are strong cryptos that could rally if Bitcoin finds support.
🪷 Other Cryptos:
- Teller has huge open interest and volume, and could break above $125.
- Keep an eye on Bitcoin's movements, as they will impact the overall market.
