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Cas Abbé
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We got the much needed correction - now I’m loading up my bags again
$SUI
looks good here to long imho
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Cas Abbé
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Bitcoin recently hit a new ATH. But, there is no euphoria in the timeline. Media coverage is way too less compared to previous ATHs. This is actually a good thing and shows that there is much more room for growth. Also, BTC retail activity is at ATL, as most retailers are invested in alts. I think BTC could go around $120K-$125K, and then the alts rally will happen. After that, market euphoria will hit in 1-2 weeks which will mark the local top.
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Bitcoin ETFs recorded its 3rd highest weekly inflow ever. Nearly 25,500 BTC worth $2.75B were bought, and BlackRock alone bought 90% of it. This is the reason BTC hit a new ATH, and still trading above $107K. I'm still not worried about BTC because of a few reasons 👇 - BlackRock is still buying, and they know everything. - BTC correction after 50% move is needed to cool off the markets - Market is still in an uptrend, and will remain like that till July.
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$ALGO inverse head and shoulder in play 👀 One of the major L1s with 100% uptime while maintaining security and speed. It's also the 3rd biggest player in RWA space, which will be a trending narrative this decade. Chart wise, I'm waiting for a breakout above $0.25. Once that happens, ALGO's next leg up will start.
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$BTC is currently at its most important level. I'm talking about 5-yr trendline resistance, which has marked the cycle top and local top. Since 2021, whenever BTC has retested this trendline, it has dumped 40%-80%. If BTC manages to reclaim this trendline, it'll enter a beast mode. Just hope that it happens this time.
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Whales are heavily shorting $BNB. This is despite @BNBChain activity rising to 3-yr high. But this could be a trap. Usually, whales hedge their spot positions by betting on the opposite side too. It's highly likely that whales are holding big spot bags of $BNB, and just hedging their positions. So, never follow anything blindly.
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