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[Market Update]
This is the most likely scenario imo.
- Tether & Circle Dominance
A relief for crypto market until USDT.D hits HTF demand at 5.5% and a nasty rejection that will take us all the way up until 7.5% (a wick to 8% is possible) and a reversal to occur from there early next year.
- Bitcoin
The most important bearish levels are the weekly opposite pole with multiple fib confluences from external and internal swings @$98k and the HTF supply @$102k.
The most important bullish levels are the 2D/3D @$72k which was front-run in April (possibility of another front-run with double bottom or rip through it and turn it into double hidden bearish) and the multi-month demand @$62k with multiple levels inside.
- Ethereum
The most important bearish level is the HTF supply @$3.3k and the SH @$3.65k.
The most important bullish level is the HTF BB @$2k (range lows)
- ETH/BTC
Ideally, bottom hits alongside ETH/BTC weekly level @$0.029 where I anticipate a powerful reaction from and ETH/alts outperformance.
There are key levels on TOTALS, BTC.D and ETH.D that are worth monitoring, but also SPX, MSTR and COIN which are correlated to crypto markets.
Same applies for DXY and VIX.
The alts I'm most interested to when these levels get hit are the following :
- DOGE
- LTC
- LINK
- ADA
- HBAR
- XLM
- TAO