A big start to the week for Bitcoin, setting a new 2 year high trading above $65k. Keep an eye on this 4 hour candle closing above the Prev Week/ Month High ($64.3k) and that potentially becoming support on a retest today. This could give us the start of the final move towards the ATH very soon.
This move means $BTC has cut through that big sell wall at $64.3k-$64.5k. Two new sell walls have developed this morning at $65.8k and $66.9k so I am looking at the reactions here.
BINANCE FUTURES: Top Gainers 1. SLPUSDT: +61% 2. GLMUSDT: +56% Top Losers 1. ONDOUSDT: -8% 2. MEMEUSDT: -7.5%
LARGEST VOLUME (24h) 1. BTC/USDT ($21000m) 2. ETH/USDT ($11000m)
DAILY OUTLOOK SLP, GLM, and SYS have emerged as the top gainers in the market. BTC, on the other hand, appears to have entered a consolidation phase, while BTC.D is showing a decline, indicating a potentially bullish signal for alternative cryptocurrencies (altcoins).
Notes: Re-entering this. Donโt look at the R:R and over risk. If it doesnโt bounce from here, Iโll manually close early. I will probably add another TP after TP1.
Why did I re-enter? Still at an h4 consolidation. Lows of the consolidation swept. Reclaimed h4 S&R.
Again, this is a random old coin. Thereโs no narrative for it right now. Iโm personally not risking as much as I would for an AI long for example.
$DOT has been on an upward trend and has now reached the previous resistance level. We may see a retest of this resistance area. If the price manages to break above this resistance level, then we may see a good rally. The key level to watch out for is $10, which is a psychological resistance area. #DOTUSD
BINANCE FUTURES: Top Gainers 1. SLPUSDT: +61% 2. GLMUSDT: +56% Top Losers 1. ONDOUSDT: -8% 2. MEMEUSDT: -7.5%
LARGEST VOLUME (24h) 1. BTC/USDT ($21000m) 2. ETH/USDT ($11000m)
DAILY OUTLOOK SLP, GLM, and SYS have emerged as the top gainers in the market. BTC, on the other hand, appears to have entered a consolidation phase, while BTC.D is showing a decline, indicating a potentially bullish signal for alternative cryptocurrencies (altcoins).