➡️ SP500 opened above Friday's closing price, started to decline to cover the GEP, media reports that "Israel changed its mind and wants to answer Iran for what happened on Saturday" - due to these events, bitcoin is locally sawing.
➡️ There are no arguments for opening futures positions, both a quick move below $60,000 into the weekly imbalance zone with a subsequent upward reversal (our scenario) is likely, as it was before the growth in the $40,000 range, and just a sideways movement, with the accumulation of short liquidity and a move higher. As soon as there are arguments for opening positions, I will inform you about it.
✔️ Looking at the market, it would be logical to see the "denouement" on alts before the beginning of summer, besides, all conditions for this were created on the weekend, even updated high on domination, summer is seasonally "boring time", typical would be to "warm up" the market with alts, attract interest and go into consolidation for the whole summer. Therefore, today I am bullish on ETH and alts, and a full-fledged second round on BTC is likely to happen later.
❗️ But there are too many variables today: macroeconomics (things can change from report to report), geopolitical tensions, BTC 4-year cycles are broken (it is already dangerous to predict the chart based on history), institutional investors have entered the game for the first time (BTC ETFs, ETH ETFs) - this is the reason why I take off the WEEKLY REVIEWS - the situation is changing rapidly and those who are not "flexible" or patient will not survive, therefore, do not overestimate the "risks" for one single scenario and be morally prepared for anything.
