General context: Decreased liquidity – Unconfirmed cash flow – Continued selling behavior identification. The market needs a few factors to increase: 1. Continue to observe the supply in various sectors and whether there are still many Altcoins? 2. Organizations control the supply around the margins. 3. Cash flow returns. We start accumulating!
#FLASH_UPDATE_BITCOIN $BTC 🛡 Risk signal when BTC.D is quite weak and likely to continue to decline: 📌 If BTC.D drops sharply while BTC is stable or does not drop much: This is usually an opportunity sign for Altcoins, as smaller cryptocurrencies grow faster than BTC. 📌If BTC and BTC.D both fall: The market may be going through a full-blown sell-off, with both BTC and altcoins losing value.
💵 SECTOR MOVER - 24H Cash Flow 🕯 Huge profit-taking pressure occurred in most industry groups last week. 🕯 Expect new institutional cash flow in early 2025. Industry groups to watch this week: AI, CEFI, LAYER 1.
$SOL (has shown strength, however the price has increased quite high, for those who do not have a position, they need to wait for the price to adjust to the range of $200 - $220 to have a good position). The nearest target of SOL according to the PnF chart is $268.32 and the next milestone SOL aims for is $339.51)
$MEME M15 shows signs of accumulation with 193M Meme tokens actively bought around the price range of 0.01227 - 0.01296 equivalent to $2.44M signaling a short-term price increase.
Continuous selling activity from 6 AM Vietnam time on 11/11/2024 at the current moment, people can observe the data through the Footprint chart, more than 12,700 $BTC have been sold around the price range of 82.360 - 81.850 indicating a short-term price drop