ZCX update

Wrong on the previous idea.

It broke support and is going lower than expected. It's currently touching another major support, and the selling volume is decreasing, so a bounce is expected. If this support doesn't hold, I will start cutting the position.

$67k is support until it isn't. Just be ready in case it breaks.

Celebrities and Crypto: Market Trends and Insights

https://x.com/CryptoCapo_/status/1796169149015634236

And there it is.

SEC APPROVES SPOT ETHEREUM ETF

Very standard correction to form another higher low. We should see bullish continuation soon.

GM

Today is the day.

Expecting bullish continuation soon.

It seems that today ✅

Quick Weekly Overview

Today:

-PPI data
-Fed Chair Powell speaks

Tomorrow:

-CPI data

Thursday:

-Initial Jobless Claims

Analysis

There are some important events this week which should bring volatility to the market. Yesterday we saw some big moves in the stock market, with GME and AMC pumping 74% and 78% respectively (24h change%).

However, the crypto market remains sideways. This consolidation phase is normal after the strong correction we saw a few weeks ago. The question here is whether this is a consolidation before a bearish continuation, or a reaccumulation phase after a shakeout.

Based on the charts and indicators, we can see that many cryptos are at hight time frame (HTF) support, including the TOTAL crypto index (https://www.tradingview.com/x/3um0oMIn/), and the Altcoins index (https://www.tradingview.com/x/whik8bYy/).

Conclusion

As long as these supports hold and there's bullish price action/indicators above them, I expect bullish continuation.

I'm about 30-40% exposed to the market right now, with the majority in spot altcoins, along with the ETH and SOL longs. If the situation changes, I will adapt and start closing positions.