📈 Bitcoin is back above 90k and the crowd is cheering again: moons, 150k by summer, non-stop hopium.
But is the overall picture that bullish? Not even close.
📊 Looking at the Total Market Cap chart:
- After that long November to late February consolidation, Total finally broke below the 3T support
- We retested the break and new local lows followed
- The recent bounce? Looks corrective, not impulsive
- And we’re still trading below 3T and with good percentages
❗ Conclusion:
I’m not buying into the hype.
In fact, I’m expecting a new leg lower – possibly all the way to 2T
📌 Trading Focus:
Shorting Solana and ETH
But is the overall picture that bullish? Not even close.
📊 Looking at the Total Market Cap chart:
- After that long November to late February consolidation, Total finally broke below the 3T support
- We retested the break and new local lows followed
- The recent bounce? Looks corrective, not impulsive
- And we’re still trading below 3T and with good percentages
❗ Conclusion:
I’m not buying into the hype.
In fact, I’m expecting a new leg lower – possibly all the way to 2T
📌 Trading Focus:
Shorting Solana and ETH
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.