Crypto enthusiast | NFT collector | Aggressive airdrop hunter | Trader
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Here's the Analysis of #ALT : #ALT still moving within the consolidation between the key support and resistance area of $0.022 - $0.024 and resistance area of $0.044 - $0.045. The range is long enough to play longs and shorts until it breaks. Short-term short selling can be done after a clear close of $0.030 mark.
#GOLD UPDATE : #GOLD goes to the all time highs after strong breakout of the resistance area and goes to the all time highs levels. The moves were pretty sharp and strong, minor retracement and new ATH will be on its way.
Realized Loss Analysis: Local momentum reversal shows accelerating loss-taking at $112M/day as price trends lower ๐๐ฐ. However, this remains within typical bull cycle correction ranges ๐โ . Previous events like Aug-2024 yen-carry unwind and Mar-Apr-2025 'Trump Tariff Tantrum' saw substantially higher capitulation volumes, suggesting current downturn hasn't meaningfully dented investor confidence yet โก๏ธ๐๐
#DXY is once again testing the major support area, and things look bearish. A break below this major support level will weaken the dollar, bringing more money into the stock and crypto markets.