Previously, we mentioned that BTC has been hovering around the STH-RP level for 7 days since the 26th. This is due to a combination of factors: market liquidity, the tug-of-war between buyers and sellers, and shifting macro sentiment. But BTC obviously can’t stay stuck at this sensitive level forever. Historically, from an on-chain perspective, similar situations tend to resolve within 10-20 days (see Chart 1)—either with a strong rebound or even a reversal, or with a prolonged downtrend or accelerated correction.
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$ETH Plans played out pretty well with the swipe of prior macro RH into ATH. What I want to see there is either momentum above prior ATH or pullbacks to the 4.3k area for compounds/re entries.
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$SOL update Bids still open, but we're approaching target. If target hit before bids, I'll remove bids as the trades complete. Considering moving up bids to low 190's, but I'll update if so. Would have certainly bid the 195 H4 FVG entry if I was awake this morning, but wasn't.
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