Trader XO:
May 2024 Monthly close is very encouraging...
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📈 The combination of the support level hold and the bullish crossover in the Stochastic RSI suggests that we might be at the beginning of a new uptrend. If the price continues to respect the support level and builds momentum, we could see a move towards the mid-range between the May 2021 low and high. 🔼🔼🔼

Crypto Nova:
Ever since altcoins became a real thing there has never been a bull cycle in history that didn't have an altseason.
Never have we had a bull cycle without Bitcoin dominance significantly dropping.
The introduction and opening of the ETH ETF trading that opens soon will further fuel this breakdown in dominance.
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📈 Crypto Nova also anticipates an altseason in the very near future. Analyzing the current BTC dominance chart, it's clear that we're approaching a significant drop, a pattern we've seen in every bull cycle. If BTC sideways will continue, it is likely that investors will turn their attention to altcoins, sparking another altseason. 🚀🔝

🔒 Binance's ex-CEO begins prison sentence in California

Changpeng Zhao, the founder and ex-CEO of crypto exchange giant Binance, has been sentenced to four months in prison after pleading guilty to charges in a Seattle federal court that the trading platform violated US anti-money laundering requirements.

Source

Classic lifecycle of modern crypto investor 👨‍🦽

Just don't scare it 📈🙏

📈 Pladizow (BTC daily ):

Inverse Head & Shoulders

$86K incoming?

Watch for neckline break or rejection and possible retest and hold as support.

And the amount of purchased bitcoins will grow in contrast to the amount of new mined btc) 💸⛏

Crypto Scient:
With a bit more patience, we will see massive rallies on altcoins across the board.

We just did a bearish retest/flip of the 1W trend and got rejected from the 1D MSS level. We are now consolidating inside the falling wedge.

📈 Good technical analysis of the BTC dominance chart. I strongly recommend that all fans of technology and violas wait for a breakdown and look for entry points in a further retest.

How fast NVIDIA will overtake Microsoft in capitalization? 🤔

This happens every time Powell shows himself on the scene 🙂

Crypto Nova:
Bitcoin is still trading above both bullish key levels. Yesterday's $1,000-2,000 drop drop didn't change any of that. Although the current range isn't anything exciting in the market, the market remains bullish nonetheless.

📈 Small short-term corrections are typical for the market. Key levels have not been broken, so there is no reason to cancel the main bullish scenario.
We continue to monitor the movement of the first cryptocurrency. 👀

📈 Renowned traders are increasingly discussing the imminent rise in football tokens. This expectation is reasonable, given the upcoming UEFA Euro 2024 ⚽️ (June 14 - July 14). However, it's worth remembering that similar predictions were made before the start of the 2022 World Cup, and as we recall, no significant surge occurred.

Nonetheless, it's important to note that the market was not bullish at that time. In the future, a potential rise in football token prices could be influenced by the overall craze for meme coins. If you are interested in profiting from meme coins, I highly recommend paying attention to the potential boom in football fan tokens. 💥

We have reached the first level, which it is advisable to hold in order to continue the bullish scenario. We are actively monitoring current movements 💸

Image credit: Crypto Nova