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The monthly candle has closed.
The US Nasdaq futures closed as a big bullish candle with no upper shadow and no lower shadow.
BTC/ETH closed with a small bullish candle.
But thankfully, the BTC/ETH monthly chart no longer has resistance at the MA5 moving average.
Right now, the resistance levels above the moving averages for BTC/ETH are all still far away.
I mentioned this a few days ago.
Once the monthly candle closes, the MA5 resistance will turn into support.
So judging from the monthly timeframe, this month still looks bullish.
On the daily timeframe, it’s currently near the MA23.
On the 2-day timeframe, it’s currently near the MA62.
As long as it doesn’t break down and lose the level,
BTC will quickly go to capture liquidity above 80,000.
Ethereum will synchronize with BTC/ETH’s liquidity, which is around 2,500.
Also, since the US stock market is hitting such new highs,
Will BTC/ETH follow along and hit new highs in the later period too?