MARKET UPDATE BTC & ALTCOINS!

3 giorni fa

The entire market is at peak pain right now.

The breakdown of key support levels signals further caution.

• BTC is trading around 80K, struggling below the 200 EMA, which is technically very bearish in the short term.
• Daily Fair Value Gap (FVG): $70,577 to $74,416 – a crucial zone to watch.
• The recent channel breakdown adds to the uncertainty.

Historically, such corrections and extreme sentiment shifts have often been followed by a strong bullish quarter.
However, there’s still room for more pain before the tide turns.

Once BTC stabilizes after this correction and a potential period of sideways movement, altcoins could get some breathing room to bounce.

These insights are purely based on TA and historical market behavior.

Right now, this market is not ideal for trading. The best move? Preserve capital and wait for the right opportunity.

I know things have been hard for most of you but good days will come, sooner or later.

Thank you

#PEACE

3 giorni fa

Nota

Also to note, the previous chart has been invalidated. We broke below 85k already.