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Critical support zone: $66K-$67K 🚨
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#BTC Spot Volume This is an interesting chart. Since the lows of May 2nd, Bitcoin has been making higher lows, but spot volume has been making lower lows. What does this mean? Well, we all know that if spot volume is making lower lows, it means people are selling more and more each time. But why isn't the price making lower highs, and is instead making higher lows? The answer is simple: big players are buying all the amounts that have been sold by weak hands and are trying to front-run the limit orders down. I think this is one of the most bullish indicators right now, showing us that big money is buying and front-running "your friend who always waits for lower and lower prices." The price has been squeezed over the last 90 days, and I believe that once the big players have bought the amount they want, the price will explode.💥 Follow us on twitter: @GalaxyTrading_
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#ETH Here is another story. An absolutely brutal monthly candle – a bullish engulfing and closing above the important monthly resistance of $3650. I expect ETH to run hard in the next 2 months, which often leads the alt season. Get ready 🚀
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#BTC 🚀 Monthly Update Welcome to JUNE! 🎉 We closed above 2 out of 3 highs from 2021, which is very bullish. While closing above 69k would be extremely bullish, unfortunately, we couldn't. So, what's next? 🤔 As long as we hold 65k — the most important bull/bear level — we remain bullish, and a new ATH is loading. 📈 Many New Setups are coming 🏆😎
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📊 #BTC vs #GOLD We are currently here. Even the re-test is so obvious for BTC. Once we break 75k, I think we'll fly hard; many people will get so greedy and bullish, LONGING everything. 📈 A cold shower red candle will come to liquidate for sure.📉 For now, focus on the breakout 💥
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#TOTAL 3 vs $BTC Analysis 📊 After 11 months of consolidation, there's no clear winner between $alts and BTC. Non is outperforming heavily. I anticipate a significant breakout in either direction soon. Considering that the majority of Altcoin/BTC pairs are at or near new bottoms/double bottoms, I'm inclined to believe that we'll see an upside breakout, indicating that Alts will outperform #BTC in the near future. 📈 This scenario becomes more plausible if #Bitcoin maintains a healthy range (re-accumulation) throughout the summer, while some altcoins begin to demonstrate strength. Stay tuned for further instructions once the breakout occurs. 🚀
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