The market for #BTC is formed by actual movement. Yesterday, the weekly opening saw Bitcoin unexpectedly surge, reaching a short-term peak. The market moved from breaking the previous high of 111900 to 123000, just as calculated, gaining just over 10,000 points in about a week. Now it is retracing, and Bitcoin might experience several days of oscillation. After the retracement last night, it may continue today, with a possible target just below 117000. Looking at it this way, Bitcoin may fluctuate up and down this week and could potentially form a doji candle. $BTC
Altcoins surged simultaneously, while newer altcoins are still under pressure to break into an upward channel. This week will solidify the foundation for the previous breakout, with a significant rally expected by next week at the latest.
For instance, FIL's breakout pressure is at 2.6; below 2.6 is still a phase for accumulating positions. Similarly, UNI is still in the early accumulation phase around 6.5; if UNI drops below 6.5, the same good accumulation price applies for FIL below 2.6. $FIL