Is this view is correct, it would eventually be bullish for crypto, but probably not until later this year.
Basically crypto stays weak until stocks drop and makes the Fed do something.
Since metals dropped and SPX broke down against Gold, there is a high chance stocks start dropping soon.
Short term bearish for crypto, but likely good buying opportunities in crypto later this year
$ETHU play: Leveraged $ETH without liquidation risk ⚙️
My $ETH target = $6.5K → a +69% gain from now.
Since $ETHU is a 2× leveraged ETF, that’d equal a +138% return.
$1K in $ETH → $1.66K at $6.5k target
$1K in $ETHU → $2.4K at $6.5K target
#ETH#ETHU#Crypto
$ETH analysis: $6.5K soon 🟣
Bull flag forming on my favorite coin right now. Expect a range between $4.2K–$3.7K for the next few weeks until $BTC makes its move.
IMO, this is the best R:R setup right now. Check out $ETHU for a 2× leveraged play (without liquidation risk)
$BTC analysis: the bull market is still intact 🟢
Since 2023, Bitcoin has found local bottoms near the 44 RSI mark before making new highs.
BTC may need to retest the $100K area (or slightly lower) to form a local bottom before continuing the uptrend.
#Bitcoin#BTC#Crypto