Expecting bullish continuation soon.

BTC

Clean S/R flip. We should see a bounce from here.

GM

Bullish continuation ✅

Eyes on $69k-$70k.

Dips are for buying imo.

Good morning,

The analysis is playing out as expected. The market is moving up, and money is starting to rotate to altcoins, especially to SOL. I'm keeping the long open until the main target or invalidation, trailing the stop in profits.

I expect this to be the dominant trend in the coming days, probably with several quick corrections along the way.

I wish you all a nice weekend!

I think this was the low for the current short-term correction.

Remember, dips are for buying until proven otherwise.

It looks like another low.

Precision. Not easy to achieve, not easy to maintain.

Quick Weekly Overview

Today, May 20:

-Crypto Expo Dubai 2024

Wednesday, May 22:

-Bitcoin Pizza Day 2024

-NVIDIA Earnings Report

-UK CPI data

Thursday, May 23:

-ETH ETF Decision

Friday, May 24:

-Federal Reserve Meeting Minutes



Analysis

Another interesting week. This weekend the volatility was low, as usual. BTC CME close was $67,215 and the current price is $66,900.

After taking the liquidity from $57k-$59k, price bounced and reclaimed the $65k level. Now it's forming higher highs and higher lows (https://www.tradingview.com/x/fweUcgh8/). It should go higher as long as it stays above the $65k level, with the first target being the 2021 ATH ($69k-$70k) and the second target being the upper liquidity zone ($74k-$75k).

Regarding altcoins, if BTC remains bullish these days, money should keep flowing to lower capitalization coins. SOL has been performing very well, and it usually leads for the rest of the altcoin market. The ETH ETF decision is going to be important, but more than the result, the market reaction. Some results could be priced in. Another important event is the NVIDIA Earnings. In my opinion it's going to be a good result, and it could impact the crypto market in a good way, especially to the crypto AI sector.


Conclusion

Based on the analysis, prices are likely to keep going up during this week.

I will continue to analyze to adapt to any changes.

$69k-$70k ✅

ETH and SOL leading. Expecting most alts to follow.

“Some people will highlight your mistakes and overlook your accomplishments. Don’t be discouraged. Keep focusing on what you do best and let your work speak for itself.”

Good night!

GM!