The altcoin market cap (TOTAL2) tested the trendline support and bounced from there, as expected. We already suggested accumulating some altcoins during the dip. A bounce in altcoins may occur when BTC stabilizes.

#altsesaon $ETH $BNB $SOL #altcoins binance

On June 11, exchanges recorded the largest cumulative outflow of BTC for the month, according to Glassnode data. This significant movement suggests growing confidence among investors and a potential shift towards long-term holding strategies.$BTC

NEO analysis:

The price has broken below a major support area and is currently trading below it. We might see a retest of this area. If the price cannot break above this level, then we could expect a continuation of the downtrend towards the lower support area. It's advisable to wait for some time before considering new entries.

Support Area: $9.80-$10.40
Resistance Area: $13.80-$14.65

$NEO #neo #neocall

SOL moved toward the local resistance area but was rejected from there. The price is now moving towards the support trendline. You can consider opening a small long position at the support area with a tight stop loss.

Support Area: $145-$147
$SOL #SolanaUSTD

SOL analysis:

The price formed a symmetrical pattern on lower time frames and respected the support trendline. The local resistance area is marked on the chart. We may see a move towards the resistance area. A break of this triangle will determine the next move.

Local Resistance Area: $160-$165

#sol #SolanaUSTD $SOL

JUP analysis:

Price has reached the major support area. There might be some accumulation around the support area before the next move. You can place buy orders in this zone with a tight stop loss.

Support Area: $0.837-$0.893
Resistance Area: $1.14-$1.23

$JUP #JUPAnalysis:-

There is no liquidity left on the downside, and the majority of long positions have been liquidated. A large cluster of short position liquidations is around $68,800, indicating a bounce is expected soon.

The altcoin market cap (TOTAL2) is now approaching the trendline. A bounce may occur after a retest, making it a good time to accumulate your favourite altcoins on the dip.

Support Area: $1.00-$1.05 Trillion
#AltcoinInvesting

Bitcoin was unable to break above the $70,000 level and was strongly rejected from there. The price is now dropping, and if BTC is unable to hold the $67,000 support area, we may see a decline towards the $64,500-$65,500 support area. Keep an eye on the market.$BTC

SKL analysis:

Price has now reached a major resistance area. A bounce may occur, so consider opening a small long position with a tight stop loss.

Support Area: $0.063-$0.0662
Resistance Area: $0.0718-$0.0732

Claim free BNB

#SKL_Market_Update #SKLUSDT #skl $SKL

The Bitcoin futures market is seeing a significant change. Margined futures open interest using BTC as collateral has dropped from 70% in early 2021 to less than 20% by mid-2024, according to Glassnode.

This indicates a growing preference for using more stable collateral like USD or stablecoins to mitigate Bitcoin's price volatility risks.