- This is considered an "emergency update" due to the current market situation.
- Bitcoin has shown bullish signs, breaking above a significant resistance level on the 1-hour time frame.
- However, volume is declining, suggesting potential high volatility and pullbacks.
Bitcoin Outlook
- Bitcoin is expected to remain bullish, even if it pulls back to $62,700 or $61,800.
- There's potential for Bitcoin to break above $64,000 and rally up to $66,500.
Altcoin Impact
- Altcoins might suffer during a Bitcoin pullback, given the high Bitcoin dominance.
- Caution is advised when trading altcoins during this period.
Cryptos to Trade
- "Meme coins" like Floki , Bonk , and Pepe have been bullish, but they are currently "laying down a bit".
- A new narrative is emerging around AI-related cryptos, such as Ocean, AI, Worldcoin, Fetch, and Render.
- Other individual promising cryptos include Teller, BOME and TIA .
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