WHAT IS BTC DOING? - ANALYSIS
Updated
Good morning, Alkalites! We have seen some recovery in BTC prices despite the recent dip caused by a retail structure.
From a technical point of view, Bitcoin is still respecting our psychological levels. However, it drew a retail downtrend that is driving prices lower in our structure.
Regarding the fundamentals, negative news has stopped for a while, so from now, we only expect bullish technical setups when good news trigger them.
We are constantly monitoring order books and liquidity inflow to protect our positions if necessary. Remember to not release over 50% of your capital, as we will advise you when to do so.
Also, we are preparing our long-term portfolio since Altcoins prices have declined. We will release more details soon.
Have a nice Saturday, Alkalites!
From a technical point of view, Bitcoin is still respecting our psychological levels. However, it drew a retail downtrend that is driving prices lower in our structure.
Regarding the fundamentals, negative news has stopped for a while, so from now, we only expect bullish technical setups when good news trigger them.
We are constantly monitoring order books and liquidity inflow to protect our positions if necessary. Remember to not release over 50% of your capital, as we will advise you when to do so.
Also, we are preparing our long-term portfolio since Altcoins prices have declined. We will release more details soon.
Have a nice Saturday, Alkalites!
Note
Update - It is showing strength, which means that Bitcoin is outperforming Altcoins. If it crosses the 50% psychological area, we may see a new cycle starting, which could be the greatest buying scenario for alternative projects.
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