The $LAB team decided to sell all their coins and eliminate promotion in order to sell them on other platforms and to the KOLs who were supporting them. Some of these KOLs were even laughing at them while they were still with them. Currently, most KOLs are no longer needed, so most of them were paid for marketing. Finally, the project decided to sell the coins on the market, and that's why we see slippage without any pause. Every time there's a strong sell-off, if someone made 100 million yesterday, today they won't make more than 1 million, and 100,000 might be the maximum because of this slippage. This is why alpha projects aren't strong enough to be the best.
Bitcoin failed to break through the 64,600 level and returned to the 63,900 area. As we can see, dear reader, Bitcoin touched this level twice before. The previous drop from this level caused a breakout and a freefall, which is quite normal. However, today's correction may lead to another decline within days if it chooses to do so. A retest is expected during this period. Today's failed upward movement might resume, but currently, the chart clearly shows the market's difficulty, even with good buying liquidity.
The $VANRY coin delivered a solid move, gaining around 38% since my bearish signal a few days ago. At that time, the coin had already surged more than 100%. With the current correction, further downside toward 0.004500–0.005500 is possible. Securing profits or waiting, if already in gain, is advisable as a rebound remains a potential scenario.
The $KAITO coin delivered a strong move, gaining around 29% within two days of my bearish signal. The sharp decline confirmed the accuracy of the setup and secured solid profits. With the current violent correction, a rebound may occur, so it is advisable to secure gains at this stage.
The $US coin surged, delivering a 27.10% gain within one day of my bearish call. The sharp rally was immediate, confirming the precision of my analysis.
$ZEC Update and Analysis: ZEC recently plummeted to unimaginable lows due to a vulnerability, but it rebounded after a while. Some analysts have issued bearish signals, but my analysis confirms that the currency is expected to rise back to $600 in the near future. Currently, it's priced at $503. A few days ago, it reached $510 due to buying pressure in Bitcoin and the influx of liquidity. $ZEC is considered a more popular payment cryptocurrency than Bitcoin due to its privacy features, but this doesn't necessarily mean it's better than Bitcoin. However, it could be a good competitor to BNB in the future, although one has larger holdings than the other. Currently, another rise is expected if it reaches $510 for a retest. If it fails, another drop might occur, perhaps a brief pullback to $530, which could then fail. The resistance level of $580 is currently stronger, making it the next target. A break above $580 would indicate another rise, but any failure could lead to a short-term sell-off or a correction. There are several fluctuation zones between $630 and $670, with a target of breaking $730. If the market recovers next week, we might see these levels.
Dear follower, all altcoins and alpha coins are experiencing an abnormal downward trend. Any project that rises when Bitcoin falls will fall when Bitcoin rises. The same applies to other cryptocurrencies. Most projects won't be able to provide liquidity and other resources, so they're forced to sell tokens to fund certain activities. We're seeing some slippage currently. The market is stagnant and not moving much. The strong movement will come after the World Cup. The market will react more strongly then than it did today. This is why we're seeing weak liquidity and very average, even below-average, volume. We expect to see a strong rise in the coming period after the end of the World Cup if the US news and the war news are positive. Otherwise, we won't see any real rise, just fluctuations.
$BTC The market update is very rapid. As we know, Bitcoin dropped to 61,000 and then rebounded to 64,000. Since Fridays typically see a sharp decline, this was the day before, and since the US markets closed (though some markets remained open), we expect to see a market reversal after this rise. However, altcoins are currently in a state of continuous accumulation and are expected to rise in the coming days if the news of a renewed war between Iran and the US proves false. Otherwise, everything is currently negative, and any pullback is merely a temporary accumulation phase because the market is currently unstable. Everyone thought 57,000 and 59,000 were potential rebound zones, but a reversal is very possible, as happened previously at the 82,000 level when everyone expected a strong rise in Bitcoin, only for the opposite to occur, leading to Bitcoin's return to 59,000.
$BTC Bitcoin and the market update is very fast, as we know. After the news of the Strait of Hormuz being closed again and the release of other significant news, Bitcoin plummeted. Today, with the rise in US markets, Bitcoin rebounded as if nothing had happened. However, since it's the weekly close, we might see a stronger correction. Another drop is expected, so don't expect anything at the moment. Bitcoin is currently at resistance at 64,600. A retest of the 61,000 area is possible. If this fails, a return to 59,000 or 60,000 is expected. If liquidity isn't good, we could see a freefall within hours. Therefore, everyone should be cautious. A break above the 64,600 resistance would signal a confirmed sideways rise; otherwise, forget about it.