⚡ $BTC at $91,100—fear/greed index jumps to 38! Whales are accumulating as global tensions rise. Is this the start of a parabolic run? Let’s discuss! 🚀
Record Gap Between Altseason Indicator and Bitcoin Price
Bitcoin’s positioning as “digital gold” has reduced its correlation with altcoins on a broad scale. While altcoins often resemble high-risk startups, $BTC has carved out a distinct identity as a store of value.
$NVDA - People love screaming "insider trading" when they were just wrong. Yesterday I said we were at resistance, and look at that after hours we are pulling back. Markets are at a highly emotional and accusatory state right now.
BTC update: The market swept equal lows overnight, forming new prominent lows. While it seems to be trying to put in a local bottom, I'm not fully convinced yet. Concerns include the recent sweep of liquidity, the naked point of control at 74.3k, and NQ's range with equal highs and lows.
My approach: Look for a decisive nuke that's quickly bought up, followed by a rapid move higher to test the range's upper side. If we see a shallow pullback to 75.5k and reclaim 76.5k during NY hours, I'll consider longs targeting 80-81k initially. I'd take partial profits and hold until a counter signal suggests a short above 81k.
TLDR: Market may be forming a local bottom, but be mindful of equal lows and NPC at 74.3k. A spike to 75.5k followed by a reclaim of 76.5k during NY could trigger longs targeting 80-81k.