matrixthesun
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Market review for the week
I think currently $BTC is doing a lot of chop, and while things could look bearish on lower timeframes, it might be better to just zoom out.
We did have the Moody's downgrade, but if BTC is being seen as the hard asset it is, it should still continue the uptrend.
Current invalidation would be around $98k for me before thinking that market is properly bearish. Coinbase premium also helps to sustain BTC.
Meanwhile, altcoins have bled quite a bit, but memes and AI agents are surprisingly still outperforming.
Onchain-wise, ICM meta has corrected quite a bit, think winners are slowly establishing themselves. The meta probably continues as long as @pasternak continues his development.
Overall a tricky week, best to stay conservative so that you can't get shaken out if the chop continues.
I think currently $BTC is doing a lot of chop, and while things could look bearish on lower timeframes, it might be better to just zoom out.
We did have the Moody's downgrade, but if BTC is being seen as the hard asset it is, it should still continue the uptrend.
Current invalidation would be around $98k for me before thinking that market is properly bearish. Coinbase premium also helps to sustain BTC.
Meanwhile, altcoins have bled quite a bit, but memes and AI agents are surprisingly still outperforming.
Onchain-wise, ICM meta has corrected quite a bit, think winners are slowly establishing themselves. The meta probably continues as long as @pasternak continues his development.
Overall a tricky week, best to stay conservative so that you can't get shaken out if the chop continues.
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Highest daily close ever so slightly on $btc
Classic washout as well just a few hours before open as well
Classic washout as well just a few hours before open as well
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been a chaotic week, onchain especially.
good to take the time to evaluate this meta and see which coins are deserving to stay.
feel free to shill bags
good to take the time to evaluate this meta and see which coins are deserving to stay.
feel free to shill bags
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