🔥ALTCOINS Overview

- My previous analysis said that TOTAL2 will retest the zone below 950B. it is now working correctly when starting to approach the zone I analyzed before.

- Total2's H4 candlestick is closing as a Marubozu candlestick, this is a bad signal for Altcoins

- Some Altcoins have started to make lower lows, suggesting a downtrend is likely to continue.

- From the perspective of BTC.D, I have also analyzed that it will break from the Down Channel in the near future. It now works => Breakout

This is also the reason why Altcoins continue to create a downward trend

- Top 5 strongest declines in order are: ETHFI, ORDI, AEVO, OMNI, ZK

Most are new Altcoins of 2024

What is happening to them?

#Megadrop #HKETF #BitcoinETFs

$BTC $ETH $ORDI