Alpha Digital

$BTC looked very bad just yesterday.

Today is a whole different story.

All in all I still think the decision to move into $PAXG and $USDT was the right one considering we had a structural break lower.

Not only were $BTC able to reverse the sell-off it even managed to move above 95k - a resistance for the last 7 days.

I now want to see it hold above.

PPI today was better than forecasted so only CPI left to remove uncertainty from the markets.

Trump taking office could be another positive catalyst though only time can tell how much of this is already priced in.

Considering all of this Crypto is in a good place and once I see confirmation I will add strong coins like $IOTA, $AAVE, $SOL, $LTC.

The dust has settled and we can see a clear change of character on $BTC.

It is the first time since breaking its all time high that it is not able to reclaim these 4H moving averages quickly.

In my opinion this greatly increases the probability for further losses.

I started to derisk by moving 50% of the strategy to $USDT and am actively considering $PAXG for as long as $BTC does not show clear signs of a bottom or recovery.

Today we witnessed the strongest sell-off on altcoins since April.

This is surprising considering that $BTC's drop 5 days ago left alts relatively unimpressed.

In bull runs pullbacks like this are not uncommon though they generally retrace quickly so the next days will be crucial to determine the short-term direction of the market.

The picture looks similar on $OP where I would like to see a close above $2.25 or better yet above $2.4.

Otherwise, a range between $2 and $2.4 is the most likely outcome for now.

$MINA shot over the fib line and nearly touched another one, resetting the chart and opening the opportunity to build a base here that could be important for further upside.

For that to apply I would like to see a close above $0.78 on the weekly, ideally above $0.82.

If $MINA fails to do so ranging between 0.65-0.8 is the most likely outcome in my opinion.