BTC Dominance has been rising and Bitcoin has been outperforming ALTs:
With BTC slightly over 30k but close to 31k resistance we need to be on alert (we always are, yes).
ETHEREUM is the key chart now as it is hovering over 1900 supportm but unable to break higher...until now.
My expectations:
Still Bullish and over 65% chances of a breakout.
POSITIVES:
Crypto is waking up, Volumes are rising, Feds are expected to soften and ETH is becoming deflationary.
FEARS:
Ethereum and its Shanghai update are here. The one big question everyone is asking is what will happen to the ETH price if millions of crypto users can unstake, withdraw and sell? Is it automatically going to put selling pressure on the altcoin market? We don’t think so. In today’s video we explain why Shanghai is not necessarily a big selling event.
What do you think? Let me know.
One Love,
The FXPROFESSOR
With BTC slightly over 30k but close to 31k resistance we need to be on alert (we always are, yes).
ETHEREUM is the key chart now as it is hovering over 1900 supportm but unable to break higher...until now.
My expectations:
Still Bullish and over 65% chances of a breakout.
POSITIVES:
Crypto is waking up, Volumes are rising, Feds are expected to soften and ETH is becoming deflationary.
FEARS:
Ethereum and its Shanghai update are here. The one big question everyone is asking is what will happen to the ETH price if millions of crypto users can unstake, withdraw and sell? Is it automatically going to put selling pressure on the altcoin market? We don’t think so. In today’s video we explain why Shanghai is not necessarily a big selling event.
What do you think? Let me know.
One Love,
The FXPROFESSOR
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