As I previously stated in my 
OTHERS, 
BTC.D, and TOTAL2 analysis — this move was expected. Check out my other ideas for more detailed breakdowns.
So, what’s happening?
Bitcoin maximalists have been buying heavily at the top, right when RSI and MACD were in overbought territory, creating a clear bearish divergence.
Something Saylor and others seem to ignore: you can't defy mathematics — what needs a correction will correct.
BTC still looks bullish on the weekly timeframe, so we’re not entering a bear market. However, the pump is over, key supports have broken, and altcoins are correcting — some by -25% in a single day.
Purely from a charting perspective, we can identify multiple potential support levels forBTC:
$101K, $94K, $89K, $87K, with a lower-probability retest down to $75K.
We’re likely entering a 2-week correction, after whichBTC could resume its uptrend — potentially closing June at a new all-time high.
DYOR.
#Bitcoin #BTC #Altcoins #CryptoCrash #TechnicalAnalysis #BTCdominance #TOTAL2 #BearishDivergence #Saylor #RSI #MACD #ATH #DYOR
OTHERS, BTC.D, and TOTAL2 analysis — this move was expected. Check out my other ideas for more detailed breakdowns.So, what’s happening?
Bitcoin maximalists have been buying heavily at the top, right when RSI and MACD were in overbought territory, creating a clear bearish divergence.
Something Saylor and others seem to ignore: you can't defy mathematics — what needs a correction will correct.
BTC still looks bullish on the weekly timeframe, so we’re not entering a bear market. However, the pump is over, key supports have broken, and altcoins are correcting — some by -25% in a single day.Purely from a charting perspective, we can identify multiple potential support levels for
BTC:$101K, $94K, $89K, $87K, with a lower-probability retest down to $75K.
We’re likely entering a 2-week correction, after which
BTC could resume its uptrend — potentially closing June at a new all-time high.DYOR.
#Bitcoin #BTC #Altcoins #CryptoCrash #TechnicalAnalysis #BTCdominance #TOTAL2 #BearishDivergence #Saylor #RSI #MACD #ATH #DYOR
Dagangan aktif
Bitcoin reached our first target. We are on track. Let see if the bulls will take control again, or if we go below to the next target that is 94k-95k
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.