$BTC Update
After forming a solid retest bottom around $74,508, Bitcoin has made a strong comeback, fueled by news that President Trump is softening his stance on tariffs!
He’s promising maximum tax cuts, as analysts suggest he miscalculated the tax models — especially with the ongoing protests adding pressure. (Honestly, the situation this year feels a bit orchestrated, just my two cents!)
For now, let's pause short-term trading plans for Saturday and Sunday.
Keep an eye on the chart indicators instead!
Key points:
MA99 is nearing a cross below the MA200, signaling that even if BTC pushes higher, a pullback to the $93K zone is still likely in the coming week or two.
Daily RSI is showing overbought levels:
StochRSI > 100
RSI(6) > 87
Uptrend confirmation signs:
3D timeframe: Signal line has crossed the positive MACD, and BTC is holding above $85,500 — bullish!
5D timeframe: Signal line is about to cross up, with MACD backing further gains (momentum is slightly weak, probably weekend effect).
If BTC closes this week above $95,500 with strong 5D volume, the next bullish target zones are $99K - $100K!
Important caution:
The 1D chart shows overbought conditions already.
It’s safer to wait for a pullback to the $89K–$90K range.
Watch for StochRSI to cool off into the neutral zone and RSI(6) to reset near 69–70 on the daily chart before looking for fresh entries.
Overall trend: Uptrend ✅
But always stay cautious and be smart when buying the dips!
Patience pays off in crypto!
{future}(BTCUSDT)
$INIT After spiking to a high of $0.9857, $INIT pulled back and is now trying to regain ground, trading around $0.8490. Despite a mild -3.63% slip over the last 24 hours, signs of stabilization are emerging as price holds steady above the $0.8000 zone.
{spot}(INITUSDT)
#INIT Volume remains strong (122.33M), and although the order book shows heavier selling pressure (82.84% on ask), a break back above $0.8700 could spark renewed bullish momentum.
📊 Trade Setup:
Entry Zone: $0.8400 – $0.8600
First Target (TP1): $0.9100
Second Target (TP2): $0.9850
Stop-Loss: Below $0.7700 to protect from deeper downside
Pro Tip:
If $INIT can reclaim $0.8700 with strong volume, it could set the stage for a sharp reversal rally. Watch closely—buyers may be loading up quietly!
I think we're heading into two or three months of altcoin bullishness, and the consolidation in older coins now looks very tempting.
Many people are suggesting that this year will be similar to 2017, and it may be. We hope so. Personally, I'm still setting targets of x8 to x20 for older, larger coins and new ones. I'm setting targets of x10 to x30 for smaller, older coins that survived the bear market. Of course, the recent decline in minor currencies was similar to the Corona crisis.
#EthereumFuture
#BinanceAlphaAlert
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#altcoins