#btc #ENA #SOL

#BTC #ETH #SOL #ENA #SAGA

Market Update (BTC &alt coins )

• Simply no need for complications because what u c now called side wise consolidation on 4 years cycle we r on bullrun on larger time frame even if we touch 50k area on BTC .

• For short term trading we can c that Rsi reaching 12 exhausting levels so expect break to the upside to maintain the down trend , we are on bearish momentum atm
• expected levels that BTC could reach according to Fibonacci and rising wedge pattern is around 62.5k , 61.5 , or 60k it could bounce back at any of them

• For Alt coins as you c in the cc below most of the alt coins which is moving alongside btc (most of them ) they stop running down even when BTC keep dropping the bearish momentum is still on but expect break to the upside or sidewise consolidation as we c most of them already -11% and -12% the reason that most has reached the initial buying price volume .

Notes :

1. previous Adam and Eve pattern on solana is invalidated as we didn't get enough confirmation and we broke the structure we might test new deep water (120-80) not solid but probably .

2. we can consider BTC drop from 67k and faile to breakout after testing it for 3 times as fake out .

3. ETF netflow is closed red yesterday at -120M total outflow

4. for liquidation heatmap we took most of the long position we have billions up there on the levels above 70k as you can see only on 67k there is 300M waiting over there and market always move towards the juicy stuff . to be noted ...

Thanks for reading .

⚠ warning non of the content i share is a financial advice . it is for the educational purpose and my personal preference not necessarily what work's for me will work for you so ; trade responsibly and always DYOR and don't Risk what you can't afford to lose its volatile market .

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keep grinding eventually u ll make it if u believe so 🤜🏼🤛🏼