COMPLETE MARKET COMMENTARY AFTERNOON OF JULY 11, 2024

$BTC is moving in a relatively narrow range today (about 3-4000 price). Keeping the recovery above 10% after the crash to 53k3 on 05.07

Today we will talk more about altcoins.

First of all, the BTC.D index is moving in a downward channel, helping altcoins support their prices quite well. Some small-cap coins have had a significant recovery.

The dollar strength index is decreasing slightly, which may attract investors to invest in coins with small capitalization or coins with good projects that will be noticed.

Although the level of bottom divergence in the small frames is not clear, the above conditions strengthen the confidence of LONG lovers in the disputed positions that were broken in the H1 frame (this position took place around the time from 19:00 on July 1 to 23:00 on July 2) please pay attention to that milestone to take profit.