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Despite all the chop, Bitcoin is still holding inside its 9-year channel on the left side. That's not nothing.
On the brighter side, we're starting to see a clean breakout above the previous diagonal resistance trendline on the right. That shift in structure matters.
Sure, we could still retest the bottom of the channel or even dip below the WMA200 into the low 60k range. But honestly, I feel like the bottom is already in, and the real floor now sits in the high 60k zone.
If I were sitting on the sidelines right now, I'd be looking to buy the next dip or wait for a clean reclaim of the DMA50. That's where the best risk-reward sits.
Personally, I'm keeping a close eye on the holy trinity: HYPE, NEAR, and ZEC. These three have the momentum and narrative to keep outperforming through this phase.
And once market sentiment truly flips back to risk-on, I still believe PENGU will be the standout play in the NFT-adjacent space.
The time to start paying attention is now. In the meantime, AI equities are keeping things interesting until the real fun begins.
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