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Bitcoin Lost Crucial Support — 60k Is Bull's Last Defense Line! After devastating signals from the U.S., a looming recession, and a crashing stock market, the crypto market tanked massively. It all came at a time when Bitcoin & Co. had already signaled strong bearish tendencies. Therefore, it was surprising that Bitcoin lost its crucial support level at 63k. Accordingly, the chances of revisiting 52k have grown too. Currently, the price has bounced at the psychologically relevant level of 60k. This, together with the EMA200 (slightly below), might be the bull's last defense line. However, since Bitcoin has lost more than 15% in the last few days, we can expect some recovery during the weekend. However, as mentioned yesterday, August (which has been a red month historically) will give us a choppy ride—and from today's point of view, it'll be a downhill ride. 👉 Check out my long-term thoughts about Bitcoin: Read here 👉 What about the altseason? Check this article 🔄 Found this useful? Make sure to share and follow me for more! $BTC #Bitcoin❗

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Is the Next Altseason in Danger? Here's What You Need to Know! Will we see an altseason this cycle? The answer might be more complicated than you think. Despite Bitcoin's run to a new ATH, many altcoins have struggled and are losing ground quickly. The reasons? Fragmented altcoin performance, shifting inflow dynamics favoring Bitcoin and Ethereum ETFs, and meme coins absorbing significant liquidity. To thrive in this challenging environment, prioritize high-quality assets, avoid high dilution risks, and capitalize on sector rotations. Want to dive deeper into what’s happening and how to navigate it? Check out the full analysis in my latest article 👉 Read here! #altsesaon

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Bitcoin About To Lose Crucial Level — Bearish Sentiment Growing!! Today, the U.S. was once again the nail in the coffin. The unemployment rate jumped unexpectedly, recession fears were everywhere, and the stock market plunged massively. As a result, the crypto market suffered badly, too, as soon as the U.S. session started. That all comes at a time when Bitcoin shows weakness and adds to a strongly bearish chart (see this post). Logically, the risk that Bitcoin revisits 52k has grown today. Similarly, the risk that many altcoins suffer badly has spiked. However, despite the short-term bearishness, there are also positive signs when looking at the bigger picture: * September rate cuts are now set in stone imho, and the Fed might be forced to act more aggressively until the end of the year. * Usually, it is not the repression that pushes markets down but the fear of it. Therefore, we might see another weak month or two until the fear has been digested. That would also be perfectly in line with the rate cuts. * The U.S. election, especially post-election time, typically had a positive impact on the crypto market. Accordingly, this could push the market by the end of 24 and early 25. Therefore, I remain bullish on the bigger picture while expecting a choppy ride through August and early September. Stay safe! $BTC #Bitcoin❗

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As mentioned in my live session today: We have the same pattern everyday. U.S. wakes up, kinda bearish news, crypto drops. Let’s wipe out those weak hands so we can finally start pumping again. $BTC $ETH $BNB

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PEPE — Where We Are And What's Next? Here are a couple of thoughts about the Pepe chart. Let me know your thoughts! $PEPE #pepe⚡

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