We hope everyone had a good rest this weekend and are ready to start the new work week.
Last week, most cryptocurrencies closed in the green zone, and on the US stock market, almost all shares included in the sp500 index turned green.
It turns out that investors turned on the full RISK-OFF mode and began purchasing heavily oversold assets.
If everything on the crypto market is in favor of continuing the medium-term upward trend, then on the stock market so far everything looks like a regular technical rebound.
🚀 Many alts have already won back most of their growth and they are looking forward to the signal from $BTC Bitcoin for correction.
The vast majority of the market is in the severely overbought zone on higher timeframes. Moreover, bearish divergences have already been formed.
An equally interesting situation on the liquidation map 🔍
As you remember, we said after Bitcoin broke through $30,000 upwards that the liquidation feast will continue, from which we will see a strong growth in alts.
As a result, every day we see liquidations of $80-200 million taking place. 📉
BUT a clear trend towards a decrease in liquidations is already visible. This means that a strong movement awaits us soon and we think that it will be downward.
📊 Results
This week we expect a continuation of the rally on alts that have not yet recovered their growth. But at any moment a market correction may begin, where an excellent opportunity to purchase at a discount will present itself.
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