Hightlight Notes
- ๐ Bitcoin is currently facing rejection from key resistance levels, indicating bearish trends.
- ๐ The super trend indicator shows Bitcoin in a bearish position, signaling potential further declines.
- ๐ซ Ethereum is also trapped in a larger bear market, with expected price targets between $1.5K and $1.54K.
- ๐ป Solana is breaking below significant support levels, potentially falling to around $90 if it cannot hold.
- โ ๏ธ Key levels to watch for Bitcoin: resistance at $85K, $86K-$88K, and support at $70K-$74K.
- ๐ XRP is experiencing bearish divergence, with risks of dropping to $1.40-$1.50 if it fails to maintain support.
- ๐ฃ A recent bearish trend in the US stock market has led to panic selling in the crypto market.
- ๐ Chainlink is heading towards a price target of $10, with resistance at $12.70-$12.80.
- โ๏ธ Crypto remains correlated with the stock market; bearish stock trends influence crypto price movements.
- โก๏ธ Traders can profit from volatile markets using short positions, regardless of the market direction.
- ๐ Long-term bearish trends are expected for Ethereum, with invalidation of bullish divergence signals.
- โณ Price action continues to reflect broader market sentiments, indicating limited bullish momentum in the near term.
- ๐ก Opportunities for profit exist through crypto trading, leveraging both bullish and bearish trends.
- ๐ Important to monitor liquidation levels; key points of liquidity can move price trends significantly.
- ๐ Significant bearish signals suggest that expecting a market recovery soon may be unrealistic.
