#BITCOIN Fighting for the Mega BullRun
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- The market is slow and neutral, with a lack of momentum, which is a bearish indication.
- Bitcoin is more bearish than bullish, with a potential drop to support levels around $66,500-$66,000.
- Ethereum is also showing signs of a potential drop, with support levels around $3,700-$3,725.
➡️ News and Events
- Tomorrow's initial jobless claims and GDP statistics may impact the market.
- Bitcoin ETF inflows are still positive but not having a significant impact.
➡️ Cryptocurrency Analysis
- AI showed some momentum earlier, but it's not sustained.
- Worldcoin had a bullish breakout but lacks momentum.
- APT is still in an uptrend and may continue as long as it stays above $9.20.
- TIA is closing in on a major breakout on the daily time frame.
- WIF and TON are personal picks, with potential for growth due to fundamental and technical factors.
➡️ General Market Sentiment
- The market is highly correlated, with no clear narrative or leading cryptocurrency.
- Bitcoin and Ethereum need to touch their support levels and gain momentum before a bullish trend can resume.
- The lack of momentum and correlation makes it difficult to find interesting altcoins.
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