🧐A great confusion in the markets between following the rise or an impending bloody drop🔻
📈📉There are many opinions and each group relies on a certain style of analysis
🔥Away from all this noise, as with all our previous analyses...👌
🤝Here is the market analysis for the upcoming period...🧵
1⃣
First, my friends, we are approaching our previously set target of $108k and I currently do not see any data supporting a breakout of this number.
If the breakout occurs, we have a strong resistance wall between 109K-110K (I do not favor this currently)
2⃣
We still have levels below to visit and most data converges at the $102K level (there are some signals indicating the possibility of visiting $101K, but we will determine that after the reversal from $108K)
3⃣
Aside from smart money wallets, we see some positive movements from whale wallets and decentralized exchange traders.
Additionally, there is good liquidity flow into Bitcoin and some alternative coins like Sol.
(It is noted that some liquidity has also moved from Ethereum to Bitcoin)
4⃣
The Altcoin Season Index indicates significantly and through clear behavior that rewarding rises in alternative currencies are approaching.
🟢In summary
The situation is generally positive, and Bitcoin's struggle to exit the current area will turn into significant value to push it higher, and the altcoins will definitely follow.
We are still in suitable times for accumulation, and you should monitor your coins and act to enter with every drop (like the upcoming drop to $102k)