🏪 The same scenario is repeating itself again with $BTC , which the market has been showing for several months now.
The price rises above the high of the range, makes a short deviation... and then follows a sharp downward movement.
This has already happened three times in a row. Each time, the breakout looked like the beginning of continued growth, but in fact turned out to be a trap for late longs.
The last such deviation occurred in the $71K area.
📣 If the structure plays out the same way again, this level could become another zone where the market gathered liquidity from above before moving lower.
🤔 The morning on Ethereum turned out to be somewhat contradictory.
Yesterday, ETFs on $ETH showed an outflow of about $90.9 million. The day closed in the red, with some institutional money leaving the market.
But there is an interesting nuance. While the overall flow was negative, BlackRock, on the contrary, bought about $30.3 million worth of $ETH .
📣 This is a fairly typical picture for the market, with some players fixing or reducing their positions, while large funds continue to gradually accumulate
🏪 While many are focused solely on the price, something much more interesting is happening on the Bitcoin network.
The number of wallets with a non-zero balance has reached a new all-time high of 58.45 million. The network continues to grow, which is a direct indicator that the number of users is increasing.
At the same time, there is less and less BTC on exchanges. The volume of coins in well-known exchange wallets has fallen to its lowest level since December 2017.
📣 People are increasingly moving their coins to cold storage and are in no hurry to sell. Supply on exchanges is shrinking, while long-term accumulation continues.
The 66k – 69k zone is a very strong support area. If the price returns to this zone, you can start gradually buying BTC in the first phase.
According to on-chain data, several hundred thousand BTC have been accumulated in this price range, mainly by whales and institutional investors, so the support here is relatively strong.
Above, the 84k – 89k zone is an important resistance. This is also a region where a lot of capital was previously accumulated but is currently at a loss, so when the price returns to this zone, there is a high likelihood of a break-even selling pressure → making the resistance quite strong. You may consider taking some profits on BTC and altcoins here to rebalance your portfolio for the next cycle.
Such perspectives in the market are not always widely shared. I have compiled this to provide everyone with a better basis for identifying reasonable buy and sell zones. If there are any points that are still unclear, message me for further discussion.
HOW TO BUILD SELF-CONFIDENCE TO MAKE THE RIGHT DECISIONS IN TRADING AND IN LIFE?
📚 Everything starts with your thoughts. If you want to act with confidence, you first need to learn how to think positively and act with certainty.
Trading is not only about chart analysis. It is also about the ability to make decisions without constantly doubting yourself.
Here are a few steps to develop confidence:
➡️ Learn from your mistakes. They are not failures - they are valuable lessons. ➡️ Work on your self-perception. Regular practices, such as meditation, can help you stay aligned with yourself. ➡️ Surround yourself with successful people. We are often a reflection of the environment we are part of.
💘 Apply these principles and you’ll notice your confidence in trading growing - and with it, your results. $XRP
Jet fuel in Europe is up 70% due to the blockade of the Strait of Hormuz. You can switch to electric cars, but electric planes haven’t been invented yet.
The White House says the fighting could continue for around 100 more days.
✅ Price already swept external liquidity and formed a local bottom. ✅ Market structure showing bullish orderflow shift with higher lows forming. ✅ Retracement into the orderflow support level offers a favorable entry. ✅ Liquidity sits above at buyside and previous month high, acting as magnets for price.
Bias & Strategy: • Bullish bias. • Waiting for price to retrace into the $0.00885 orderflow level for potential continuation towards liquidity targets.
📌 Watch this level closely for a reaction and continuation toward the upside.
36% Of ALL Altcoins Are Trading Near Their All Time Lows Right Now. In Early February, That Number Spiked To 42%.
This Is Worse Than The FTX Collapse. The Biggest Pullback Of The Entire Cycle.
The Damage: $SUI: --88% From ATH $ETH: -64% From ATH $SOL: -77% From ATH $DOGE: -89% From ATH $ADA: -92% From ATH
Retail Sees A Bloodbath. Smart Money Sees Generational Discounts.
The Reality Behind The Fear: → #ETH Daily Active Addresses Up 112% → #SOL Leading In Users, Transactions And Fees → Chainlink CCIP Becoming The Standard For Banks
The Infrastructure Is Still Being Built Every Single Day.
The Truth: Fortunes Are Made In Bear Markets. They Are Just Collected In Bull Markets.
This Is Not Financial Advice. But This IS The Data. Bookmark This. You Will Thank Yourself Later.