Cryptocurrency market analysis with a focus on BTC, ETH, SOL, and other altcoins

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Cryptocurrency market analysis with a focus on BTC, ETH, SOL, and other altcoins

BTC Higher Time Frame (HTF) Analysis
– Current bullish outlook despite bearish propaganda.
– Emphasis on a macro range of 59k-73k and a micro range of 66k-71k.
– Importance of not cherry-picking data points.

BTC Lower Time Frame (LTF) Analysis
– Long bias at 68.8k, targeting previous highs rather than new highs.

ETH Analysis
– Weekly SFP not valid; focus on holding above 3500 to remain bullish.
– Potential LTF setup discussed with flexible invalidation points.

SOL Analysis
– Interest around 153, despite higher time frame bearishness.
– Positive outlook on recent price action sweeping the origin of a pump.

PEPE Analysis
– Discussion on range lows and highs; recommendation to take profits mid-range.

WIF Analysis
– Holding 2.60 region is crucial; importance of stabilizing after volatility.

BONK Analysis
– Looks decent with specific price levels for bidding under previous lows.

General BTC Sentiment
– Acknowledgement of bearish appearance but finding opportunities in scary setups.

Execution Strategy
– Close out 25-50% of position on SFP in lower time frames even if entered on higher time frames.
– Emphasis on execution quality and risk management.

Other Coins Analysis
ONDO: Recommended bidding around 1.27-1.28.
TON: Good buy around 7.12-7.00.
TIA: Advised to avoid due to poor performance.
BNB: Should bounce at current levels; similar outlook for SOL.
FLOKI: Weak chart after losing prior structure.
INJ: Potential good setup forming.

Hasitha Jayaweera Asked question July 8, 2024
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