Major Crypto Trading Signals and Technical Analysis 🧵
Bitcoin ($BTC):
- A new all-time daily close of $101,200
- Funding rates remain flat despite new highs
- $270M in shorts liquidated
- Futures basis at just 15%, low for all-time highs
Ethereum ($ETH):
- Multiple analysts predict major moves for ETH
- @MartiniGuyYT and @coinmamba predict ETH to $5,000
- Grayscale may have completed ETH sell-off with +73.3M daily inflows
- Technically, 4-hour chart shows key levels at $3,750 and $3,930
Altcoin Markets:
- @CryptoMichNL observes largest bullish divergence in altcoin market cap divided by Bitcoin, suggesting altcoin bull run is far from over
- @CryptoBullet1 predicts a sharp drop in BTC dominance, altcoin surge in Q1 2025
- Top daily gainers include AAVE, SUI, LINK, IOTA, and DYDX
AltSeason
LINK ($LINK):
- @CryptoMichNL believes LINK is undervalued
- Partnership with Emirates NBD
- Trump's World Liberty Fi buys $1 million of LINK
- Predicts $50 all-time high will look small in the coming years
Solana ($SOL):
- @Nebraskangooner shares chart showing SOL attempting breakout on low timeframes, volume increases
- @joemccann points out Solana is still only 25% of Ethereum's value, but is the ecosystem of choice for developers, suggesting it may be undervalued
Binance Coin ($BNB):
- @trader1sz shares swing-long trade idea for BNB
Other altcoins to watch:
- $AAVE: Up 42% in a week
- $SUI: Sets new all-time high
- $METIS: @AltCryptoGems describes a clean and bullish chart
- $LTC: @Nebraskangooner shares a new breakout on Litecoin's 1-hour chart
Market Sentiment:
- Overall market sentiment is bullish, with multiple analysts optimistic about mainstream cryptocurrencies
- @SalsaTekila notes that several important figures, including Trump, Jerome Powell and BlackRock, have made positive comments about Bitcoin
- @StrongHedge says the market may be near a top, but 80-90% of gains are usually achieved in the last 10-20% of the cycle
Conclusion:
The mainstream cryptocurrency market as a whole is showing strong upward momentum, with increasing institutional interest. However, investors should be cautious and pay close attention to technical indicators and changes in market sentiment.