Letβs take a birdβs-eye view of Ethereum (ETH) across two different timeframes to understand the broader narrative playing out.
Looking at the daily and 4H charts, the structural trend remains clear. Despite the recent local strength, we are currently navigating a complex corrective phase. The primary idea is that this upward movement is likely a "dead cat bounce" or a corrective structure before the next significant impulsive leg to the downside.
The most compelling argument for a bearish continuation is the massive pool of untapped liquidity sitting below the current price action (clearly visible on the first chart). In market mechanics, these levels act like magnets. We are "obligated" to hunt this liquidity to fuel future moves, and as of now, those levels remain unpurged.
Current State: We are seeing a narrowing consolidation/wedge pattern, suggesting a climax of the current local trend.
Target: A deep dive into the lower liquidity zones once the current correction exhausts itself.
Strategy: Stay patient. We are monitoring for a confirmed breakdown of the ascending support.
Note: The market is at a pivot point. Do not let FOMO cloud your judgment. Manage your risks strictly and wait for the high-probability setup.
Stay tuned for updates as the price action develops. Trade safe.
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Toncoin is down approximately -83% from its all-time high.
Not long ago, the market was full of expectations:
$30β¦ $40 per coin sounded like a realistic target.
Many investors were holding TON in their portfolios, confident in further upside.
And now?
Reality hits differently.
Whatβs even more important β TON is not an exception.
Most altcoins are in a very similar position right now:
deep drawdowns, shaken confidence, and expectations being reset.
expectations β reality
β Do you believe TON can recover?
β Which altcoins are you currently holding?
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It would be ironic if it all happened again just when the majority had already turned bullish.
What do you think? Will it work?
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π1
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The most interesting part β all new Federal Reserve chair appointments happened during bearish years:
2014 β Yellen (Feb 3, 2014)
2018 β Powell (Feb 5, 2018)
2022 β Powell (second term, May 23, 2022)
2026 β Warsh expected to take over in May (exact date depends on the appointment)
And all of them started with significant corrections in the stock market.
By the way, I read today that the Bank of Japan is planning to raise interest rates in June. Last time this happened, Bitcoin dropped by -15%
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π2
BTC: Primed for a Breakout π
The chart clearly shows a solid structure. After testing the zone of interest (OB) and successful consolidation, I expect an impulsive move upward. The first major target is the $80,000 markπΌ
The local correction provided a good entry opportunity. Now, we wait for the sweep of the highs.
The chart clearly shows a solid structure. After testing the zone of interest (OB) and successful consolidation, I expect an impulsive move upward. The first major target is the $80,000 mark
The local correction provided a good entry opportunity. Now, we wait for the sweep of the highs.
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π1
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Portfolio of everyone who invested in altcoinsπ
What are your thoughts on this? Will it grow soon?πΌ
What are your thoughts on this? Will it grow soon?
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π’1
This could mean that the bottom of the current bear market is approximately 3-5 months away.
P.S. This aligns with my hypothesis that a correction will begin around May 10th.
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π1
Crypto Prime
BTC: Primed for a Breakout π The chart clearly shows a solid structure. After testing the zone of interest (OB) and successful consolidation, I expect an impulsive move upward. The first major target is the $80,000 mark πΌ The local correction provided aβ¦
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Institutional demand through the BTC ETF is actively pushing the price higher. In fact, we're already in our sixth week of growth
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TRUMP SET TO MAKE A βMAJORβ ANNOUNCEMENT TODAY π¨
The statement is expected in around 4 hours. Markets could see increased volatility around the announcement, so trade carefully and manage your risk.π π―
The statement is expected in around 4 hours. Markets could see increased volatility around the announcement, so trade carefully and manage your risk.
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INSIDERS EXPECT HIM TO OFFICIALLY END THE CEASEFIRE AND CANCEL THE PEACE DEAL WITH IRAN.
THIS IS EXTREMELY BAD FOR THE MARKETS...
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