Whenever Bitcoin crossed 70k+ and reached its All-Time High, why did the market take such a big dump from there? I did proper research on this and I'm sharing it with all of you so that you can learn something. Firstly, there's a heavy resistance level there that everyone knows about. Secondly, whenever the market reaches this level, everyone opens a long trade with high leverage, leading to manipulation for managing interests. Any news that comes out causes a big dump in the market.
Let me tell you one thing, for those who have shorted Bitcoin from the 38k to 30k levels, especially those with big wallets, their liquidation is above 82/85/90k$. The market needs to reach this level, but it will trap the new retailers. It will give a dump around 44k to 46k$, causing panic selling among these retailers. After that, the real bull run is expected to start around mid or end of September. We might see a rally in altcoins then. Whats your opinion Comment Down ☺
Aptos current price is around $8.5, and the Aptos team is making a lot of developments to improve their service speed. It could perform similarly to SUI. I’ll share some key levels with you: short-term support at $7.9 is a great buying zone, and the selling target is around $10.3.
FIL current price is around $3.3, and it is still in its accumulation zone. FIL can give a good pump, with $2.9 being a strong level where we might see a good pump from. The resistance is around $3.8, and if we get closings there, we could see a strong pump.
Bonk has been trading in a range for quite some time, and we haven't seen any significant movement. Once we get closings at the first mentioned resistance, we will see a good pump. As Solana continues to pump, we will also see positive movement in Bonk, and there has been a lot of buying from whale wallets in Sol over the last 24 hours.
Sol current price is around $168, and the market took a pump exactly from the support I mentioned, which is why I always say to follow the levels. If Sol gives a daily closing at $176.1, we’ll see further pumping, but its support will remain at $163.5.
SUI current price is around $2, and after a heavy pump, it's consolidating in an area. We could see SUI give another pump from here if it breaks $2.13, and we’ll see a strong rally. But short-term support will still remain around $1.92.
WIF current price is around $2.15, and we could potentially see a good pump. The reason is that there has been solid buying from whale wallets, and it has lifted off from its strong support. At $2.35, a 45-minute resistance could give us a good pump, but short-term support will be around $2.05.
ETH current price is around $2,410, and many people are panicking about what the next move will be. BTC has pumped significantly, but there’s still no movement here. First, it’s important for ETH to close at the $2,730 level; after that, we can expect a good pump. Short-term support will remain at $2,370.
Today we’ll discuss some history and the current market update. BTC is currently trading around $69k, and altcoins are quite slow. Many people are panicking about when alts will move. If you saw the 2021 altseason, it was the same back then—alts were moving like this. Yes, there were fewer coins at that time, but there was also much less interest in crypto, and now, as you can see, there’s a lot of interest, with big investors involved.
BTC is almost around its resistance, and as soon as people start booking profit from BTC, money will gradually move toward smaller coins. It’s very important for BTC to close near a new ATH on the weekly or daily chart; after that, you’ll see how altcoins skyrocket.
The current price of Doge is around $0.16, and in the coming days, you may see Doge become quite volatile. Personally, I'm quite bullish on Doge. Its current support remains around $0.143, and resistance is at $0.178. If it manages a 4-hour closing above this level, we could see an additional 30-50% pump. However, we should manage trades carefully by following these levels.
ETH current price is around $2,470, and this week, ETH has seen strong buying pressure. Many investors have returned to Ethereum, and ETH could make a good move this week. Breaking the $2,750 resistance is very important; only after that can we expect a rally in it.
POP current price is around $1.34, and it is currently at a good buying price. I'll share some levels that, by following, you can make a handsome profit. $1.315 is a good support, and from this price, we could see a good pump, with the resistance level still around $1.55.
BTC is currently trading at $60,400, and many people are worried due to negative news circulating in the market, expecting lower levels. I’ll give you all updates based on charts. First, if you look at BTC’s history on the rainbow chart, whenever the graph entered the blue zone, we saw a good pump afterward. Right now, it's in that same zone. And historically, whenever news of wars circulated in the market, we saw a strong rally shortly after. A recent example is the Ukraine-Russia war.
The same thing is happening now. All this news is being used to fill up short positions. Currently, BTC’s best support is $60,300. If this support breaks, we could see the $58K level, but I don't see BTC going much lower than that at the moment. Share your own plans for the market in the comments.
The current price of BTC is around $62,500, and many people are panicking due to the war news. Personally, I am still bullish on BTC as long as it remains above $61,300. Even if it retests this level, it is a healthy sign for the market. The best zone for BTC is $61,300 for short-term trades.
Render's current price is around $6.6 and it has been moving within this area for a while. If you want to take an entry, the best zone would be $5.93 for the short term. Render's strongest resistance is $7.03—if this level breaks, we can expect a good pump.
BTC current price is around $65,600, and if BTC can maintain the 65k level, we could see a good pump. Personally, my target for BTC is 70k+ next week if we get a weekly closing at this level. We’ll likely see a strong pump in alts as well. However, there is strong support at $63,700 for the short term.
XRP current price is around $0.62, and XRP is a coin that moves based on news. But people have much higher expectations from this coin. If we look at it, XRP can't even give us more than a 5x return in the bull run, and the reason for that is its market cap and supply. If you want to take a short-term entry, then $0.589 is the best entry zone for you.