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Ben Walther
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Why AVAX Might Not Reach Its All-Time High In The Bull Run 🧐
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$PEPE is down 7% but bounced exactly at the major support line at 0.000009. If Bitcoin stops bleeding, we should see Pepe going back to 0.000011 quickly. In case Bitcoin decides to go lower it will be essential for PEPE to defend the support line. Losing this support would quickly bring the level at 0.0000065 into play. Hold the line, Pepe!
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Similar to many other altcoins, $LINK reconquered its crucial support line. Closing above this area is key to avoid more selling pressure. However, this will only be possible if $BTC reclaims the 59-60k level and sticks a landing on the daily chart. Therefore, watching the next 6 hours might be more interesting than the upcoming UEFA finals 😅 #analysis #LINK🔥🔥🔥
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Finally, $BTC and the entire market show some strengths 💪 Many altcoins reconquered their essential support area while Bitcoin is trying to reclaim at least 59k. As discussed in the morning live session, watching Bitcoin's daily candle close will be crucial. - A close between 59k - 60k would be required to invalidate the immediate bearish potential. - A close below 59k will likely trigger more selling pressure. Let's hope for the best.
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Time for a bounce $BTC and alts? What do you think?
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Trade signals on the 4H chart still show a mixed picture. Certainly, there are many short signals indicating a further downtrend. On the other side, indicators such as the RSI or Bollinger Bands provide reversal potential. The next hours should tell where we are heading to...
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