#Altcoins are getting very close to a key support zone.π’
The trendline on TOTAL3ES has acted as a major turning point during the last two cycles, producing strong rebounds after each retest.
We're approaching that area once again. If this structure continues to hold, the next major altcoin rebound could be closer than most expect. π
#crypto
π¨ #Crypto Fear & Greed Index drops to 12 as bitcoin:native dips to 61K β Extreme Fear.
Sentiment has collapsed from 50(Neutral) just a month ago. High uncertainty.
βπ» #Bitcoin briefly plunged to the $61K region near the 200-week MA before quickly rebounding above $63K .
Volatility remains elevated as markets position around developments related to the CLARITY Act. Until there's more certainty, expect choppy price action and sharp intraday moves. bitcoin:native
βοΈBitcoinβs 200-week MA has been one of the most important support levels throughout its history.
Back in 2022, after retesting the 2018 cycle high, bitcoin:native found support at the 200W MA and kicked off a new uptrend. Today, we're seeing a very similar setup as Bitcoin retests the 2021 ATH while once again holding above the 200W MA.
If history rhymes, the bottom may be closer than most expect. Even in a worst-case scenario, the most likely downside remains the recent low zone around $65Kβ$60K. π #Bitcoin
When profit-taking finally hits the #AI Stocks, don't be surprised if some of that capital starts looking elsewhere.
With #crypto heavily oversold right now, it could be a natural beneficiaryβespecially if liquidity improves and rate-cut expectations continue to build.
Capital is always searching for the next high-conviction opportunity.
16 days until #FOMC β³
Markets are pricing a 99.4% chance of no rate change, shifting all attention to Kevin Warsh's first FOMC meeting as Fed Chair.
The decision may be a non-event, but his tone and forward guidance could be the real market mover. π
π¨ $1.84B liquidated from the crypto market as #Bitcoin slips below $66K and #Ethereum falls under $1.9K.
Fear returns as leveraged positions get wiped out. π»
πΊπΈ The S&P 500 has officially surpassed a $69 trillion market cap for the first time ever.
Despite ongoing macro uncertainty, U.S. equities continue to push into uncharted territory. #spx
#Bitcoin Update : bitcoin:native is getting very close to the range low and the 200-week MA around $61.6K, a level that has historically attracted buyers.
This puts the $60Kβ$61K zone in focus. If buyers defend it, a relief bounce is likely. Lose it, and downside risk grows quickly.π
βοΈBitcoinβs 200-week MA has been one of the most important support levels throughout its history.
Back in 2022, after retesting the 2018 cycle high, bitcoin:native found support at the 200W MA and kicked off a new uptrend. Today, we're seeing a very similar setup as Bitcoin retests the 2021 ATH while once again holding above the 200W MA.
If history rhymes, the bottom may be closer than most expect. Even in a worst-case scenario, the most likely downside remains the recent low zone around $65Kβ$60K. π #Bitcoin
π #MtGox moved 10,306 BTC (~$731M) to a new wallet.
With fears already rising around Strategy selling $BTC , this transfer is adding fresh uncertainty. But similar Mt. Gox moves in 2024 were linked to repayments and wallet managementβnot immediate selling.
π₯ Stocks are making new highs while #Bitcoin continues to bleed.
A significant divergence is forming. Historically, these gaps don't last forever β eventually, one market moves to close it. \
#spx500
βπ» #Bitcoin June Monthly V-CPR π
πΉ Top CPR: $77,681
πΉ Pivot: $76,346
πΉ Bottom CPR: $75,010
bitcoin:native is trading below the monthly CPR zone, keeping the broader structure bearish until these levels are reclaimed.