Crypto Market Pulse π
- High Coinbase Premiumβ
- Strong ETF inflows continueπͺ
- Google searches for Bitcoin are going upπ
- Cumulative Net Taker Volume continues to increaseπ
- Bulls are clearly in control, just a matter of time before we push higherπ
Also keep in mind the followingπ
When $BTC breaks into all-time highs, thereβs no historical resistance to guide the market, placing us in pure price discovery modeβoften leading to substantial swings.
In these situations, we rely on two key tools to identify new resistance levels: Fibonacci bands, rooted in naturally occurring ratios, and actual liquidation levels of market positions.
Our initial target was 88-91k (where we took altcoin profits), which weβve now reached. A short consolidation is likely here, as this aligns with both local Fibonacci levels and key liquidation zones where most shorts have already been cleared. This marks the end of compulsory buying from short-sellers getting squeezed.
Looking ahead, 102k is the next major Fibonacci level, calculated from the previous cycleβs high and the current cycleβs low. Weβll monitor where new liquidations cluster, but for now, 102k is our primary target based on these Fibonacci projectionsπ€
@TDj_Slo up until last week, the ETFs saw very little demand compared to $BTC. We expect this to change over the coming weeks as it starts to outperform $BTC.