Reevaluating the situation.

I'd say this is a bear trap, news was likely priced in. The true capitulation / black swan event would be a blockade of the Strait of Hormuz, which can take longer to play out.

From a confluence perspective, a short squeeze remains the most likely scenario.

Do not panic.


https://x.com/CryptoCapo_/status/2027656334896681259?s=20

Market is not reacting too too bad. Some alts are even green on the day.

This could be another sign of strength.

Ignoring the Oil LTF scenario for now, due to current situation.

However, still bullish on crypto (negative correlation isn't always a thing, so both could go up). The market reaction has been strong so far, as said yesterday.

March should be the month of that expected short squeeze.

Interesting week ahead.

Just a matter of time.

https://x.com/CryptoCapo_/status/2028908881460506778?s=20

As you know, I don't trade Bitcoin, but it's one of the main references for market direction.

I've been buying more $XMR, $XLM, $BCH and privacy low caps.

https://x.com/CryptoCapo_/status/2029126670548930892?s=20

More and more bullish confirmations.

GM

Key zone here. Bullish continuation needed soon.

This is where those who went short between $60k-70k start adding size or margin to their positions, which increases upper liquidity.

Their target is below $60k. I don't doubt those levels will be reached eventually, but not yet. The most likely scenario is up for now.

Let's see how this plays out.

Some thoughts.

Have a good weekend.

https://x.com/CryptoCapo_/status/2029871343576010872?s=20

$BTC

Strong demand here, but it has to reclaim $70k, and ideally $72k.

Next key level would be $75k.

Rescue team has arrived.

GM

Resting is as important as working, if not more.

Don't forget to disconnect from the noise and connect to nature, especially in low volatility moments. Once the analysis is done, set alerts and let the market decide.

A clear mind is the best in these situations.

Have a good Sunday!

#Market update

Very clean chart for #OTHERS (Altcoins market cap). Same HTF setup as the one after Oct. 10th black swan.

$BTC still needs to reclaim $70k, but it's starting to show strength on lower timeframes.

HD chart: https://www.tradingview.com/x/KZVkp0tn/

https://x.com/CryptoCapo_/status/2030984799653937606?s=20

GM

$70k reclaimed ✅

Now we need to see strength at these levels. Then $75k and higher should be next.

I'll be writing a post about timing, patience and mindset over the next few days.

https://x.com/CryptoCapo_/status/2031832252280135949?s=20

Some selling pressure here for $BTC, which has to stay above $70k.

Current range: $65k-75k